The small guys will make out OK because their cheap small machinery is paid for and low maintenance. They have a ‘real’ job somewhere else that is paying the bills. Their land is either paid for or they are paying low rent because the fields are too small for the big boys to farm.
I’m in the middle class of farmers. My machinery is paid for but I’m into the bank every year for some of the crop inputs, and it’s a little tough right now but I’m hanging on. If I was making machinery payments I would be in big trouble.
I am seeing a few retirement farm sales around here for mid-sized farmers in my age range, mid-60’s, who can’t make ends meet anymore. Their machinery is shiny and not paid for. I assume that is what is dragging them down.
The biggest farmer by far in this neck of the woods is a self made billionaire who owns and farms the land just because he wants to.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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