5 years since the banking collapse in the fall of 2008. And still hurting.
It was like a horrible economic car crash with lots of broken bones and internal injuries. It will take a long time to recover.
Farmers have actually had a good period compared to lots of other industries. High grain and beef prices have been good for parts of rural America. But farmers represent 2% or less of the population. Lots of us collectors are retired farmers or hobby farmers that have not benefitted much from the current high Ag prices. Retirees are feeling the pinch of low interest rates on our savings as they try incentives to restart the economy.
We are paying a big price for our economic carelessness in the early 00"s.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
... [Read Article]
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