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Bonanza farms, which were large-scale agricultural operations that emerged in the late 19th century, created significant challenges for small farmers by benefiting from economies of scale. These large farms could produce crops at a lower cost due to their vast resources, advanced machinery, and access to credit, allowing them to sell their products more cheaply than smaller farms. Additionally, bonanza farms often monopolized local markets and supply chains, making it difficult for small farmers to compete for customers and access necessary supplies. As a result, many small farmers struggled to survive economically in the face of this intense competition.

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3w ago

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