What it seems to boil down to regardless of area is the guys who have 2,000, 5,000, or 10,000 acres having enough net income between crop sales, livestock, and government payments to make a knock-the-other-guy-out offer on a 100-200 acre parcel. I hear about this happening in my area as well as others. Productivity and return on a new purchase have nothing to do with the bids on ground. Its about using economic power in house to keep others out. The banks don't go much past 1,500 dollars per acre for loan purposes so that other portion comes in house and if the farm can make the payment in one swoop often that will happen. Then a person does not have to deal with fickle bank policy. It gets a whole lot more complicated if the farm in question is 1,000 acres so most bidders would have to hope that the seller can hold a mortgage in order to offer 10,000 dollars per acre.
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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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