Much of the high priced land bought by farmers the last few years was paid for in cash with windfall profits that would have otherwise sat in a bank at 1% or less, machinery purchases and leases are tax deductions without equal. Large scale row crop farming is strictly and simply, cash flow, just like any other production or commodity enterprise, those guys know almost to the penny what they will gross every crop because they irrigate, fertilize to production goals forward contract, hedge etc. There is very little guesswork left these days and what few variables which are unknown or uncontrollable are insured against.
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Today's Featured Article - Roof Palomino - Tractor or Jeep? - by Steve Nelson. My father-in-law purchased this jeep-like lawn mower back in 1968. He says he paid $1600.00 for it, which was big bucks back then for a mower. My own father bought a VW bug the same year for the same price. Well it
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