Illinois Family Farms has, maybe it's still up, a great web site, expounded on the family part of it, and how they did this or that and menus for the work crew and all. Sounded like a really nice bunch of family. They kinda bragged their sales was to sell every bushel 4 times, to make better profits. (I think that ends up meaning they speculated a lot, trying to guess right?)
Behind that, they aggressively tried to get 50,000 acres of land under their thumb in a couple years, and went broke in the middle of some of the highest crop prices we've ever had in farmin, even when expensive were still low.
Left a lot of people in the lurch.
Stamp and Boerson at least waited until the Ag downturn to implode.
When Stamp went under, Boerson came into the lcourthouse and just took over the operation, assumed the land contracts and all in mostly one big chunk.
I fear lawyers and judges like that, only one person to deal with and so even if they buy into it a little low, it's a bankruptcy who cares sell it out low to just one enterprise.
I fear this will lead to even faster consolidation of farmland into ever bigger mega farms as we see farms going to the red side of the ledger these days.
Who is going to buy out Boerson And merge with their large operation and continue on another 4 years, only to repeat again.
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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