Interest rates were and are a big part of it also. Way too high in the 80's and way too low for quite some time. Grain embargo to Russia then had a big detrimental effect also. Government causing artificial economic results. I left the farm after tech school in 73. I paid 12% mortgage interest all through the 80's. I lived in Waterloo which had unofficial unemployment rate of about 25%. I think Dubuque was about the same. I didn't necessarily like my job, but had one. You couldn't go shopping for a job elsewhere because the house value's had gone down the tube. So many foreclosed houses on the market at fire sale prices, that the only alternatives were to stay and tough it out, or walk away from the house as my neighbor did. He was employed, but decided to heck with his credit rating and rented a house much cheaper than his mortgage and taxes were. When I moved out in 91 I sold my house for about 75% of what I had in it. I think as a lot of you do, that this is going to happen again, although I hope not with such severe results. Commodity prices have been unusually high for a number of years. The pendulum swung the other way now.
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
... [Read Article]
Latest Ad:
2022 John Deere 5045E, 4wd, front end loader and 3rd function with grapple. 120 hrs, 55k new, must sell
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
