Re: Just wondering

Posted by Andy Martin on June 15, 2005 at 06:53:53 from (64.219.39.195):

In Reply to: Re: Just wondering posted by Allan in NE on June 15, 2005 at 05:25:57:

Let me preface this with the fact that I hay with M's, and my newest tractor is a 450D needing work. I think I am a low cost hay producer. My costs for fuel, wire (yes we still use wire balers) maintenance, and hired labor works out to $0.42 per bale last year. I use old used equipment and maintain it and have never bought a piece of farm equipment on credit.

My uncle the dairyman lived and worked the uplands for many years (SW MO). When he had achieved a little affluence, he bought some of that overpriced bottom land. He said he wished he'd known sooner why it was overpriced, because at double the money it was 3 to 4 times as productive. He was a cash only pay as you go guy who died with 300 momma cows (he had retired from the dairy) and about 500 owned acres. His only debt was his original purchase of his parent's homestead 160. He started with nothing in 1946 and did quite well by working hard. He had two large Ford 2WD tractors at his death.

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