Are you prepared to sell some land? Right now 6% interest on guaranteed savings so land prices should be falling soon. Am watching auctions and do see some parcels likely lower but good land is staying up there for now. Because land value have been inflated they seem to be well ahead on rent in our area too so am watching auctions. Value of your land may be lower than you think and would require a sale to verify what it actually is. We do have some auctions in the next couple of weeks in our area of central Alberta. I rent a few fields of mediocre land. One field has never really made any money over the 3 years I have farmed it but a bit over a mile away I got a good crop on another rent field (best ever on that field). The rent on field #2 is higher for next year and now is above field #1. Fairly similar land. Weather and timing made the difference as one field got a rain that the other one missed. With the lower commodity prices my rent is likely high enough on these fields that profit prospects will be very slim in 2024 so it is likely that my rent is fair.
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Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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