Posted by I need a handle on February 03, 2009 at 21:07:33 from (71.254.6.226):
In Reply to: Re: Milk prices posted by rrlund on February 03, 2009 at 16:11:35:
One of the old timers I've known all my life sold out a couple of years ago when the price of milk had been low for a long time. His auction was poorly attended and nothing brought a whole lot of money. Right after he had sold, the price of milk went back up and got real high for a short period of time. He had sold absolutely everything, even the gutter cleaner, milk lines, bulk tank, water bowls, etc... out of the barn. He had a whole line of super nice low houred IH tractors and equipment. The only thing he kept was his real estate.
After that he should have just stayed retired, but instead he set out trying to buy back and purchase more equipment to get back into it. He lost an absolute fortune, and now that he has re-bought at high prices, the price has tanked again!
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