Milk might adjust to 40 dollars /cwt but that does not mean demand will stay constant. People can laugh but I believe there is such a thing as pricing ourselves out of the market. I look at the consumer habits of the people I know that are not in agriculture and see it is very possible to alter demand characteristics and very likely on a long term basis. A lot of people today do not live like a couple of generations ago where they have to have meat and milk on a daily basis. There are not the pro-agriculture politicians in Washington like years ago and those wishing that the government getting out of the business of production agriculture may get their wish. But like the old saying goes "Careful of what you wish for because you might just get it." I think even the staunchest conservatives here were taking USDA payments back in the dark days of the 1980's. I remember the philosophy expounded back in college was that if the government got out of production agriculture with no farm bill or USDA that effect would reduce land values by a third. Good if you are young looking to buy land but bad if you are close to retirement or inflated land values are keeping your balance sheet healthy.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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