NY 986: There is competition here too. We just are not going to get into the bidding wars some of these BTOs want to do. Most of the ground we have we have had for many years. My middle son is renting ground My Grand father rented in 1940. We have farmed that ground now for over seventy years. We must be doing something correctly.
Most of our contracts are for five-ten years. The extra three was what we asked for and we got longer on more than half of the farms.
We have all the ground we want at this time. My sons all have off farm jobs. The older two have very good off farm jobs. We have talked about them going to farming full time. We just do not think that is good risk management at this time. Farm income has been sky high the last few years. That will change. When it does exactly is anyone guess but it will happen.
The BTOs that are throwing their weight around right now will be in sorry shape when that happens. Also when farm ground price goes back down and the rents follow, the outside investors will not make the returns they are seeing now. So they will suffer for their mistakes.
Also we turned down more ground than we currently farm this year. Most of them would have been getting less rent but they did not like how their land was being handled now. Also we have a reputation of always meeting our obligations. How many of the BTOs will be able to do that when things crash???
Their are a few paying $535 an acre cash rents just to the north of us here. Even if the landlords have a contract how are they going to get blood from a turnip???
People see what goes on and they talk about what and how they are treated. Also many do not want to deal with a miserable person. It kind of reflects back on you.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
... [Read Article]
Latest Ad:
Oliver 550 Diesel runs like a watch three point hitch pto engine gone threw about two hundred hours ago nice clean tractor
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
