Posted by mkirsch on November 15, 2011 at 05:51:05 from (64.80.110.75):
In Reply to: OT. FUTURE OF FARMING posted by NE.IL on November 15, 2011 at 02:56:57:
Cowman, you talk like the price of corn has doubled but the price of everything else has stayed the same.
Fuel prices have more than doubled. Seed prices, fertilizer prices, replacement parts prices... all way up, AT LEAST doubled in recent years. Tire prices are out of this world.
At the end of the season, after all the bills are paid, what you've got left over isn't any more than it ever has been... Then you find out the cost of living has gone up!
As for the banker making the big ones quit if they're not making money... They're "too big to fail" and the banker just keeps giving them more and more money. I see it all the time around here. Farmers getting millions from the bank to build a giant new barn, or buy all new equipment, and doing it all over again in a year or two. They can't possibly be paying off those loans, or ever hope to pay them off...
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