Bonanza farming was dependent on the use of seasonal migrant labor. At planting and harvesting times foremen often supervised some 500 to 1000 extra workers on a bonanza farm. When weather and market conditions were good, bonanza farms made large profits; because the managers could buy seeds and equipment in bulk, they had lower production costs.https://en.wikipedia.org/wiki/Bonanza_farms
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Bonanza farming was dependent on the use of seasonal migrant labor. At planting and harvesting times foremen often supervised some 500 to 1000 extra workers on a bonanza farm. When weather and market conditions were good, bonanza farms made large profits; because the managers could buy seeds and equipment in bulk, they had lower production costs.
A bonanza refers to a source of great wealth or a big fortune. Bonanza farms were gigantic wheat farms in northern Dakota that made huge sums of money. Bonanza farming had never before been done anywhere in the world. The bonanza farms ranged in size from 3,000 acres to over 75,000 acres.
Bonanza farms were large, extremely successful farms, principally on the Great Plains and in the West, that emerged during the second half of the 1800s. The term "bonanza," which is derived from Spanish and literally means "good weather," was coined in the mid-1800s; thus, "bonanza" came to mean a source of great and sudden wealth.
“Bonanza farm” is a term associated with large-scale agriculture, especially in North Dakota and the Red River Valley. In the late 1800s, there were more than 100 of bonanza farms from the Dakotas...
Bonanza farms—large, commercial farming enterprises that grew thousands of acres of wheat—flourished in northwestern Minnesota and the Dakotas from the 1870s to 1920. Geology, the Homestead Act of 1862, railroads, modern machinery, and revolutionary new flour-milling methods all contributed to the bonanza farm boom.
BONANAZA FARMING In 1864 the U.S. Congress provided an extensive land grant to aid in financing the Northern Pacific Railway Company (NP). When the np encountered financial difficulty in the Panic of 1873, it sought to shed its indebtedness by exchanging land for its bonds and preferred stock.
Oliver Dalrymple (See Image 8.) was one of the first farmers to see the potential of bonanza farming. He managed the bonanza farms belonging to General George Cass, P. B. Cheney of Boston, and the Grandin Brothers of Pennsylvania. The farms belonging to Dalrymple, Cass, and Cheney together amounted to 70,000 acres.
This farm, which closely resembles a typical bonanza, operated by three men, including Mr. Lowe. It employed some of the first mechanized plowing and threshing to take place within the area of western Canada. The second major event affecting the Northern Pacific progress and the eventual development of the bonanza, came with the Panic of 1873.
The Town of Bonanza is located in the rich agricultural Lost River Valley 25 miles East of Klamath Falls in Klamath County on Oregon State Highway 70. Today, Bonanza is a strong farming and ranching community of 465 people. The history of Bonanza goes back to the late 1800's when the Town was developed at an old Modoc Indian site.
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