Just a few short years ago good farm land here in Louisiana had dropped from $1000 p/a down to about $875 p/a. All of a sudden it went to $3500 an acre. And people are paying it!!! With homestead exemption taxes on 80 acres run around $200 per year. I guess 200+ bushels of corn p/a at $8 and soybeans at 60 b/p/a at $15.00 has had some undue influence on it.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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