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 - 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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