Got a place near me, over 300 acres, over 200 tillable, compared to the soil in the Red River Valley or much of IA pretty poor, 45 BPA beans if you put in enough fertilizer. One OK building on the farmstead and it isn't the house. They are asking just south of 600,000. Been on the market for almost a year.
My banker here said they have no one that they are cutting off this year but if prices stay the same he says next spring there are a few who won't get operation loans.
I'm not confident in the debt load some of the local guys are carrying right now. Lets just say there are no vacations in their planning right now.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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