GaryinKS: I thought I would state my parents results in buying very good farm in 1939. They paid $100 per acre which included a good two story home and very good barn and grainery etc. In 1941 they bought a complete line of NEW equipment. A new Farmall MD and all related equipment. The MD was about $1800 when a gas M was $1100. Remember very good farm land was $100 per acre so that MD cost the same as 18 acres. In 2009 that land cost $5,000 per acre. (equal to $90,000 for 18 acres?) That MD did all the heavy work on 320 acres with two guys running it. By 1947 the land was worth $200/acre or a double in value in 8 years. In other words, my parents were lucky to buy when they did in both land and equipment. Many returning solders from WW-2 did not see any where near that kind of a return if they bought just after WW-2. Almost like buying into Wall Street? Farming is a gamble? Maybe like buying stock in "BP" now with all the bad news on the oil spill? In 5 to 10 years their stock will have recovered? It's a gamble. Interesting topic. ag
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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