[quote="bison"](quoted from post at 02:59:51 07/10/15) Quoting Removed, click Modern View to see
Most farmers that I know of are in debt up to there eye balls as stated by Bison. When your that far in debt the banks keep you running and keep giving you more money becuase if they sell you out they will never recover all of there money that you own them; it is a vicious cycle. Now, if it was Joe homeowner, they would forclose on the morgage and take what they could get and cut there losses.
What kills me is that when the milk/grain prices are high they spend all thier money becuase they don't want to pay taxes (which I previously explained) and they never save moeny for when the times are lean. Instead they cry poverty.
My question for them is, how could there fathers and grandfathers farm there whole lives, retire and give there farm to the next generation and when he dies he has a crap load of money sitting in the bank? How was that generation able to do it?
To answer that quation: They did not spend every penny they made, they saved for the lean times, thye paid there taxes, and lived with in there means....
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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