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The circumstances at our schools have me concerned, but that’s nothing new, I’ve seen these budgetary shortcomings coming for several years now. Maybe my farm was small and inconsequential, but it was a viable business for more than a quarter century. My wife and I had to manage a budget that was produced by us, had a small staff and we didn’t get a subsidy from anyone. Research projects were funded by profits, not grants and loans.

Now I’m in a quandary; can public schools legally compete and make a profit from student activities? Friday night football competes with a movie at the...