Posted by greenenvy on March 10, 2017 at 13:21:32 from (174.208.0.211):
In Reply to: hard times posted by kccca on March 10, 2017 at 12:20:31:
I think the 80s hit the corn belt harder then anywhere else. Out here were I farm/live in Montana, you didn't see farms going under on a monthly basis or farmers commiting sucide. Some guys around here even expanded in the 80s including us. Both dad and grandpa bought land in 1983. Farming was different out here with ou wheat/fallow. Inputs were low since we used our own seed, made one pass over the crop with chemical, and didn't fertilize. Fuel was probably the biggest expense since you had to go over the fallow 5 times a year to keep it clean. Don't get me wrong things did get tight with dry years and hail storms. But only a few farms had to sell out. But they would went under anyway if wheat was $10 a bushel due to poor management. I know one farm back around 1980 bought two new Yetter no-till drills that were $100,000 a piece. Then they bought two new Big Buds and those were over $100,000 a piece. So they had almost half million dollars into their seeding setup. We had about $75,000 into our Versatile 950, 48ft plow, and 8 JD LZB drills. Those guy eventually lost the farm and sold it to the LDS church and then they leased it back. One thing that did change around here is a lot of CRP went in mostly on the smaller farms so maybe they were either at the breaking point or just tired of it all.
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