I would comment that if he can maintain some discipline that he should escrow some money for a tough stretch to make sure the payments get made. If it is like around here people are bidding based on maximum cashflow from all enterprises both farm and non-farm. Example. 7000 acre farm makes 100 dollar per acre profit. 700,000 dollar profit less taxes to bid on a small tract of land. The operator of the 7000 acre operation is not worried about the small tract paying for itself but rather what the whole operation will generate to keep other bidders away.
Then there are the bidders that have exotic forms of financing that give them an edge. These bidders have access to money at one percent for 50 years but are limited to a purchase of what is considered a home farm. They calculate based on expected cash flow the maximum that they can pay for the farm in another attempt to out bid their competitors.
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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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