How did bonaza farms make it difficult for small farmers to compete in the l ate 19th century?

Answer 1

Bonanza farms, which were large-scale agricultural operations that emerged in the late 19th century, made it difficult for small farmers to compete due to their significant resources and economies of scale. These farms utilized advanced machinery and efficient farming techniques, allowing them to produce crops at lower costs. As a result, they could sell their products at lower prices, driving down market prices and making it challenging for small farmers, who lacked similar resources, to sustain their operations. Additionally, bonanza farms often had better access to capital and markets, further marginalizing small-scale agricultural producers.