Posted by Rick Kr on December 18, 2012 at 06:09:36 from (198.105.227.109):
In Reply to: Farm land bubble posted by Jon L on December 17, 2012 at 22:29:56:
400+ acres next to me went through the 1990s bubble here in Michigan, last sold for 12,500/acre. Guy thought he was going to build apartments and a subdivision in the middle of nowhere. He started to sue the township because they wouldnt rezone it out of Ag. Things slowed in 2004-06 then crash, my buddy bought it all for $965K (2400/acre). Dont know if he would have won, luckily in this case the 2007 depression solved the problem.
I am looking at 2 separate 10 acre parcels, each are asking 4k/acre. Big parcels around here are now 2800-3000/acre.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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