Posted by JD Seller on March 06, 2016 at 20:11:22 from (208.126.198.123):
I have been going over our budgets and plans for the next few years crops. We will survive but there will not be much extra "meat" on the bones with the prices I think we will be getting for crops and cattle. That fact brings back memories of the 1980s. The stress and heartache caused by the bad economic times then. I think the drop could be as bad now it just will not be fueled by a grain embargo and high interest rates. It will be fueled by record debt. The high farmland prices of the late 1970s was maybe $4-5K per acre. We now have guys looking at $10-15K an acre ground. I do not care if they paid 50% down they are still looking at debts that make the 1970 prices look like a cake walk. If we have another large crop of corn and soybeans we could easily see $2 corn again. Think of how much higher the production cost are now??? Even with the better yields the numbers just do not add up.
I can well remember sleepless nights worrying about paying the bills with low prices. I can also remember friends and neighbors losing all they had during the tough times. Even thought I know many have asked for the troubles heading their way I still have no wish for another farmer or businessman to lose all they have worked for. There are BTOs that deserved little sympathy because of their actions but they will be in line with just regular farmers too. Many of the BTO actually will survive because of their lower cost per acre/bushels. Also lenders will work with them more than they will someone that is not in is as deep. Lenders can write off $50k easier than $1m.
Still I feel for those that will suffer the trying times we have ahead of us. I asked all of you to thinking about how this will effect those around you. I hate the vulture attitude many have when a neighbor fails/sells out. That is the end of a man's dream. It is way worse than getting fired or losing a "job". The men involved will often feel a complete failure. That feeling should never be wished on anyone.
I can remember my Grand Father talking about how he saw families in the great depression lose everything they had. Even down to the bank selling their personal possessions. He talked about seeing a ivory comb and brush set sell for $2. The farm wife crying as her Grand Mother's heirloom was sold. He also told of how the lady that bought the set GAVE it back to the farm wife after she paid for it. He used that story to teach a lesson about compassion to your fellow man.
I will remember that story until the day I die. I know that would not happen these days but the feeling of seeing your Father/Grand fathers farm sell because you mortgaged it will happen. So the emotions would be the same. I hope I feel sympathy for those fellows and not distain/glee.
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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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