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 - Fasteners: The Nuts and Bolts of Nuts and Bolts - by Curtis Von Fange. The nuts and bolts of nuts and bolts is an interesting and essential piece of knowledge that applies to our older tractors. An improperly torqued capscrew on an engine head or a shear bolt that is too hard on the driving shaft of a bushog can create havoc and make an expensive and uncalled for repair. Let�s examine the purpose and design of these fasteners in order to ensure their proper use. Fasteners are probably one of the aspects of mechanics that is given the least amount of thought.
... [Read Article]
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