Fifty years ago a college economics professor made a statement, when talking to a group of us high school kids, that has stuck with me ever since. " I have yet to see any commodity that farmers cannot produce into worthlessness" . Time has proven him right.
The hemp production will settle out. It will not replace the economic value that tobacco had in the southern states. The tobacco industry was centuries old. It was a system that was very mature. So most of the bugs where out of the system.
The producer that stated he wanted to jump from 200 acres to 300 acres and then make a $2000 an acre profit, was smoking some of hemps sister product!!! The only reason tobacco had a profit was the government program controlled production for the last fifty years. So guys did not over produce. The producer talking seems to forget that every single hemp producer is wanting to do the same thing he is wanting to do. So I bet in just a few years there will be a small profit per acre at the best.
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Today's Featured Article - Tractor Generators - by Chris Pratt. As a companion to the articles on three-brush and two-brush generators, it seemed fitting that we should provide our readers with a description of how a generator works in lay terms. The difficulty with all those "theory of operation" texts is that they border on principles of electricity or physics and such. Since I know nothing of either, you will have to put up with looking at the common sense side of how generators work which means we "
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