The wheat straw is worse than a waste product - it is a great nuisance upon the bonanza farm.
In the early days of wheat-farming the bonanza farmer often speculated, but experience has taught him that he had better leave this to the men in the cities, and content himself with the profit from the business under his eye.
Let us assume the conditions prevailing upon a bonanza farm of 5000 acres, and briefly describe the process of wheat production from the ploughing of the land to the delivery of the grain in the final market.
But we have described the conditions on one of the best bonanza farms. The average yield per acre in this region is not over 18 bushels, and the average expenses would be higher than those given.
The first characteristic of a "bonanza" wheat farm is the machinery.
The best illustration of the great or "bonanza" wheat farms, as they are called, are found along the Red river (of the North), where it flows between the states of North Dakota and Minnesota.
The bonanza farmer expects one machine to cut at least 250 acres, and three men are required for each of them.
This was followed by a reaction and a general collapse of inflated values until 1873, when the discovery of the Great Bonanza mine brought about a revival of industry and of speculation.
After a generation or two, if land continues to rise in the market as it has recently, the bonanza farms will become a thing of the past.