I have never been a average farmer. Didn’t take over a ongoing family farm, and I believe most average farmers do. Don’t have that kinda debt either, but..... if I build a new dairy barn, I won’t be far behind. Debt is a peculiar thing. Say now if I blow a million or even 1.5 million, so long as the income continues to cover the interest and repay the capital cost, why not ? If I have enough income to repay a 1 million dollar debt over 20 years, that would come to around 5 grand each month. If I don’t spend that 5 G that comes in each month, it is just more taxable earnings, and I will get to give half or more to the government, and still have to work just the same as I do now to earn the money. If I build the new barn, and ease my work load, maybe even increase my income by buying more quota and shipping more milk. Then being 1million in debt isn’t such a terrible thing. 40 years ago being $100,000.00 in debt was alarming, can’t even go buy a 100hp tractor new for that money now. It’s called inflation.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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