Bruce I have a bet with a couple of old friends that two of the farms for sale will sell for half the original asking price. The glory days of high grain prices are over for now. It maybe another generation before those prices are seen again. The late 1970s grain prices effected a entire generation's view of what grain would bring. many base their marketing on those few years of high price for many years after those prices where a dream. I look at the 12 and 24 month out look and then base my marketing off those real life numbers. Not what it brought two years ago. This farming business is not hitting home runs but just keep knocking out those singles all year long if you can. Too many swinging for the fences and they will be busted soon. I personally know three high flyers that got their wings clipped this spring. If they do not watch things close then they will be gone next year.
I think you and I would get along well in our way of looking at farming. Update some in the good times but keep things sane. You replaced some needed iron and did a reasonable expansion. These will serve you well in the years to come.
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Today's Featured Article - A Farmall Story - by Ed Meadors. The year was 1978. Our young family had recently moved to rural Chesapeake, Virginia to a plot of land which would finally allow us to realize our dreams of a huge garden, critters and more lawn and pasture than we would ever use! We needed a TRACTOR; not a riding mower or tractor wannabe, but a real TRACTOR. The answer to our needs materialized in the form of a '44 Farmall A, complete with cultivators, discs, single plow, a 5ft.Woods belly mower and one, mounted spare 9.00x24 rear wheel.
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