Crackerjack, I've wondered that for years, yet somehow I keep seeing newer and bigger equipment on the fewer remaining big farms. I believe this is what is primarially keeping the few remaining ag dealerships in business, and the BTO's get treated really well - special deals on implements to go with, great lease rates, service plans, etc. As Paul said, a lot of them are just rolling loans, and as long as the money keeps flowing, it doesn't matter if the farm is making money or just breaking even.
Sort of reminds me of the I Love Lucy episode, where she goes in a store to buy an appliance (maybe it was a toaster), and the salesman ends up selling her an entire household worth, on sale no less, so she saves so much, she gets the toaster for 'free'. Ricky was not impressed.
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Today's Featured Article - The Revival of a John Deere Combine - by The Red, John Fritz. For several years I had been driving by a farm house on the west side of Indianapolis that had a John Deere combine parked in high weeds in a lot behind the house. The gentleman no longer farmed because the entire area was developed with housing and light industry. I had stopped several times and knocked on the door but no one would answer. My curiosity was up and I wanted to contact the owner. I wanted to see what he planned to do with the combine.
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