Correct me if I'm wrong, but I can't understand is how a farmer can ever pay off the bank when he pays $5000+ acre to buy land, or $300 plus an acre to rent, then spends $3/4 million for a new tractor, planter, and combine. Add to that the fuel, oil, fertilizer, insurance, taxes,and other perifrial cost. Also, large farms have more than one high dollar tractor and equipment, plus trucks and grain storage with dryers, etc.
Even with high current grain prices, I just can't see ever paying everything off free and clear.
I couldn't sleep at night being in debt like that.
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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