Posted by Frank 41 on January 27, 2018 at 20:11:39 from (50.106.201.254):
In Reply to: stamp farms posted by el6147 on January 27, 2018 at 11:02:14:
Rick Rosentreter, IL Family Farms was Top Producer Poster Boy. Pictures of the ADM financed bins and all the hype about knowing his costs was the money maker. You don't know your costs until you know the bushels produced. In the last days he and his family and help were hiding equipment. He farmed two 80s close to me but never got the completely harvested. John Deere and others were picking up all the equipment they could find. About 2 weeks later a son of a BTO that farms in our area from Yorkville, finshed the harvest.
The owner of this wet farm approached a friend that farmed next to this land to rent it. He liked the neatness and clean fields. He wanted $450 cash rent. He had no soil tests and Rosebtreter had just been putting on AMS from ADM. The stalks were about the size of your little finger in the wet areas. The owner ended up renting it to another BTO from Sullivan, IL. So the worm didn't turn very far. This proves the land owners are just as greedy as the tenants.
My dad told a guy once that he didn't want to farm all the ground, just everything next to him. All of these guys are the same and the suppliers and grain guys like just dealing with a few. But when you live by the sword, you die by the sword.
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