I would not necessarily think they are weak because at least they are trying to get ahead and build a business but for many of them stupid fits pretty good. How else can you describe people who think it's a winning strategy to borrow money and mortgage land and equipment they already own to by more land priced up to multiples of 25 X maximum production. Everyone who bets continuously on inflation to cover the costs of over paying or over spending always loses in the long run, some may win in the short term if they buy and sell before the inevitable crash or " rebalancing" as the economists like to call it now days. Look at the federal debt, it is the exact same scenario, spend like drunken sailors as long as inflation is cheapening the money and raising revenues but the minute posterity sets in it is look out below.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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