Vignette Essay Example | Topics and Well Written Essays - 750 words

Vignette - Essay ExampleThese workers who argon mostly Mexicans and Latinos pretend not been arriving to the north. It is pointed out from the article that the mass-production farms are feeling the crunch of the increase in local small farms. Because of the decrease in the source of cheap labor, their bring forth is becoming more expensive than the local farm produce which used to be more expensive. It is cited in the article that local farm sales are becoming more stable, predictable and measurable (Johnson, 2012).The growing trend is that the Hispanics, who used to be low-wage laborers, are now becoming farm entrepreneurs through the support of learn programs for beginning farmers. These farmers are not only provided with the agricultural know-how but also given guidance with regards to the distribution and marketing of their produce.Several economic concepts and implications can be derived from this article about small-scale farmers. One concept is about the risk that an entre preneur takes in making an investment (Adomait & Maranta, 2011). It can be observed that the low-wage Hispanic farm laborers are taking a risk in becoming an entrepreneur. They are investing their time and effort at farming although they are not sure if the investment is worth it. It is a risk to be working on ones own when one has no experience at being an entrepreneur. The laborer is taking this risk in the hope that he can benefit from its expected return. Like the Hispanic farmer, Narendra Varma, the former Microsoft manager describe in the article is also taking a risk. He invested $2 million from his savings to a 58-acre project of small plots and new farmer instruction near Portland. Since this venture may be a high risk investment for him, he obviously expects a higher(prenominal) rate of return, maybe higher than if he just invested his money in the bank.One thinks that if the trend towards entrepreneurship continues, the economy will be