Got a place near me, over 300 acres, over 200 tillable, compared to the soil in the Red River Valley or much of IA pretty poor, 45 BPA beans if you put in enough fertilizer. One OK building on the farmstead and it isn't the house. They are asking just south of 600,000. Been on the market for almost a year.
My banker here said they have no one that they are cutting off this year but if prices stay the same he says next spring there are a few who won't get operation loans.
I'm not confident in the debt load some of the local guys are carrying right now. Lets just say there are no vacations in their planning right now.
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Today's Featured Article - The River Tractor - by Charlie English Jr.. This is a 4010 John Deere that was used to farm on the Diamond Island which is in the Ohio River about 15 miles southwest of Evansville, Indiana. About ten years ago, this tractor was parked close to the bank as the river was washing the bank of the island away.
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