Of course, those fert and seed companies can talk bold to their investors, just as the BTO farmers can with their $14,000 an acre land and 'this time its different' but reality will catch the fert and seed dealers just as it will catch the farmers. Just as it did 'last time'.
The ones really in trouble are the machinery makers and dealers, a poll on another forum all the farmers said they could double in size without much trouble or added equipment. With all the new iron sold in the past 3 years, if things break/ when things break, ain't no one gonna be buying new equipment for several years, it will just be dead.
I know Case and JD are setting up the mega- dealers in a hurry to try to get too big to fail, so they can quickly drop down to a dealer or 3 per state, but still, its gonna hit them -hard-. We won't recognize farm dealerships after that, will be a total different game.
Seed and fert you need every year more or less, only matter is to come to a price. Machinery is a different game right now. Folks are way over bought.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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