[quote="bison"](quoted from post at 02:59:51 07/10/15) Quoting Removed, click Modern View to see
Most farmers that I know of are in debt up to there eye balls as stated by Bison. When your that far in debt the banks keep you running and keep giving you more money becuase if they sell you out they will never recover all of there money that you own them; it is a vicious cycle. Now, if it was Joe homeowner, they would forclose on the morgage and take what they could get and cut there losses.
What kills me is that when the milk/grain prices are high they spend all thier money becuase they don't want to pay taxes (which I previously explained) and they never save moeny for when the times are lean. Instead they cry poverty.
My question for them is, how could there fathers and grandfathers farm there whole lives, retire and give there farm to the next generation and when he dies he has a crap load of money sitting in the bank? How was that generation able to do it?
To answer that quation: They did not spend every penny they made, they saved for the lean times, thye paid there taxes, and lived with in there means....
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Today's Featured Article - Women and Tractors - by Teri Burkholder. The View from the Garage - Never a doubt, everything on our farm is a learning experience. I've been working very hard to get our two rundown Farmall A's sanded, primed , bondo�d, fiberglassed and painted before our big local tractor show called the Tulip Festival. My husband Ben came in the garage one rainy day to see if he could "help". Well if you knew Ben you wouldn't want him anywhere near your spray gun, fiberglass or bondo! So I pulled out the 2 old yucky looking magne
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