It's so true, as has been said by others, the best way to run any business is to have enough capital to own most of your assets. If you need to borrow to buy your seed and fertilizer you are in a deep hole before your crop even sprouts. For most farmers we would be as well off if we spent the seed money on lottery tickets instead of putting it in the ground and praying for a good crop and a good price for our crops. At least with the lottery you stand a chance of winning once in a while. I believe that if you buy your inputs for next years crop, or bank the money to do so, as soon as you get your money for the current crop you start out ahead and have a better chance of pulling through if the crop fails or the markets collapse. I am only a small farmer [hobby farmer] and I have planted 60 acres of corn and the price is way down but I planted it using my old equipment and the same goes for the harvesting. No I won't make any money but I won't lose any either because I have no creditors waiting for their money. The money I get is mine and I can choose to spend it as I please. Buy next years crop inputs or go on a trip.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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