A boss with 40 million yuan in assets went back to the countryside to do farming, and after 5 years he was drowning in debt

Nowadays farmers all think that farming does not make money and there is no way out, so most choose to go to the city to work. Some businessmen, however, value agriculture more. Today I will tell you a true story that happened around me: going home to contract land and do farming, only to end up owing a buttload of debt. This case of cutting pain is worth a serious look!

Today, I will tell you how a successful furniture businessman crossed industries into agriculture and, in 4 years, lost 30 million yuan of his net worth. This case of cutting pain is worth a serious read. This friend of mine is surnamed Hu. He used to be in furniture manufacturing. At first he was a salesman going out to sell furniture, and later he built himself up from nothing. He worked in this line for 10 years, and the money he earned was more than he could spend in this lifetime!

Later, the whole small and medium manufacturing industry declined and lost money year after year, so Old Hu had to transform. He believed that the internet and agriculture were the future trends, but he thought the internet was a bit difficult and his way of thinking could not keep up, so he began to go back to his hometown to vigorously develop agriculture! At the beginning it went pretty well and he made some money. He thought it could be done, so he began to expand the scale and vigorously develop in the direction of production and planting! At this time Old Hu was especially excited, thinking that his career was about to enter another peak.

At the beginning Old Hu was still relatively rational, because after many years of struggling in the business world, caution is a trait unique to successful businessmen. With money, determination and successful experience, Old Hu gradually organized his own technical team, and then contracted nearly 2000 mu of land, excitedly preparing to go all out!

To avoid risk, Old Hu at first listened to the technical team's advice and only trial-planted a few dozen mu of vegetables. Unexpectedly, it went especially smoothly at first, vegetable prices were especially good, and just a few dozen mu of land made a profit of one to two hundred thousand yuan. At this time he got a taste of the sweetness and started it all up on 1500 mu! When the harvest season came, who could have thought that the sales difficulty of the initial dozen-plus mu and the current over a thousand mu were not on the same level at all. It was simply too hard. Now vegetables were piled up like mountains and could not be sold, which worried Old Hu terribly!

For the 1500 mu of vegetables, they either had to be sold cheaply at a low price, given away, or discarded. This time the loss was heavy, and millions of yuan disappeared. There was no choice but to keep working hard. After finally enduring to the second year, the coldest winter arrived. At this time vegetables also reached sky-high prices, but Old Hu was so worried his head swelled: all the vegetables had frozen to death, and there were no vegetables to sell.

But by spring to summer, the market for vegetables once again entered a long period of low prices, and all farmers who planted them suffered heavy losses. Of course Old Hu could not be spared either. Not to mention that Old Hu's savings of more than 40 million yuan had been spent clean by now, he was also drowning in debt!

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This article is excerpted from: The Guy by the Side of Sui-Tang City. If there is any infringement, please contact us for deletion.