Posted by 2 Old 2 Care on September 10, 2014 at 09:40:13 from (74.142.63.198):
In Reply to: What to do posted by oldtanker on September 10, 2014 at 09:14:13:
You win some, you lose some, and some get rained out. In the good years, you try to get far enough ahead of the game so that you can absorb the hit in the bad years. Then you tighten up the belt and try to lose as little as possible.
Personally, I'd expect a run of 7 to 10 years in a down market. Not entirely the fault of any one person, just the way farming is some times. As big as the ag economy is, there are so few farmers these days relative to the population as a whole. We just don't have the clout any more.
With so many farmers in their latter years, I'd expect to see quite a few hanging it up in the next year or two. Being a land lord is a lot more attractive these days.
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