No, I did not see it till you pointed it out. I know from talking to guys in years gone by that the banks often required certain customers who lacked in collateral relative to the operating loan to take out crop insurance even if it was the catastrophic 50% 500 dollar premium per crop unlimited acres. I am thinking once commodity prices recede from their historical highs that certain farmers will not be able to budget a huge increase in operating expense. Nobody knows for sure what will happen but there are guesses that unsubsidized costs for something on the order of 70 percent coverage may run in the neighborhood of 80 to 100 dollars an acre or more. I know JD Seller was on his bank's loan committee so I don't know if he or somebody else can comment.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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