I've known a few like that but they didn't last long. Most of the farmers I know have college degrees in business and may be in debt more than most can imagine but owing $1 million when your assets are over $4 million isn't a big deal. When you add in land, a modest crop farm can easily top $5 million. As long as you cash flow in the down years a 25% debt isn't unreasonable. Any that have been in business any time at all know this. As far as their fathers, there were a lot of them that were bailed out by the government in the early 80's. That safety net has bigger holes now.
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Today's Featured Article - Search For Spares - by Anthony West (UK). Following on from the aquisition of the old Fordson F, I was very much in need of spares. As a novice though I didn't appreciate the fact that there were so many Fordson tractors made, that all the other makes seem rare by comparison. As far as I was aware a fordson was a fordson and it was only through trial an
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