Yield is very vital to profit and there are areas that 150 bushel per acre yield of corn is still very good. Not everyplace has the potential for 225 bushels of corn per acre. So corn dropping to 5 dollars per bushel or lower locally could jeopardize profits especially if record high prices are paid on rent. We could still have a 1980's type financial squeeze in a few years though the circumstances may be different. Yes, the debt is not there like back in the 1970's but profits could be squeezed to the point where property taxes would extremely difficult to keep paid and selling equipment off may be needed to meet household expenses. What went up in terms of equity due to the land boom could come back down affecting ability to borrow operating money.
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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