Well Steve you can hold your head up high!!! There where many that sank in the 1980s. You worked your way out of the trouble and are still going.
We where lucky here in that we could not and did not borrow any money in the late 1970s so we did not get hit too hard by the high interest rates then.
We scrapped together enough money to buy a new IH 1486 in the fall of 1979. I had a lot of custom work lined up. I only kept that tractor 5-6 months and sold it for a little more than I gave for it. I bought a one year old JD 4440 for $30,000 in July of 1980.
In 1984 times where very hard I tried to sell that JD 4440 an could not get a $15,000 bid on it. I had to find off farm income to keep food on the table.
Around here 1984 was the low point. It started getting better after that.
So if your still farming Steve then you have done pretty darn good in my opinion.
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Today's Featured Article - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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