I have been watching what some of the "BTO's" as well as the "Wanna Be BTO's" have been doing. Some continue to buy land at unrealistic prices, while others are stuck in multi-year rental contracts that will only produce a negative bottom line. Just lost a tract this year on account of some issues completely not related to the farm itself, but that is another story. Have a small operation with a decent line of equipment that could allow me to cover substantially more acres than I do now. My job in town is too lucrative to give up at this time and go full time farming, and that is much of the reason why I am sitting tight. I also have two children still living at home and college costs to deal with, too. I have been repeatedly offered a tract of land near where I live, but again, I am not going to take on this tract of land when I know the rental agreement, particularly the cost per acre. I am more than happy to see this "neighborhood south end of a north facing horse" bleed red ink on that tract for the next 3 years. I am concerned about all these very young people who just entered the farming business, where their fathers have worked to help make a place for them, and it did work well for them over most of the past half dozen years, and now things look rather bleak. I did learn a valuable lesson many years ago. The time to get into something (like farming) is when there is a mass exodus out. I suspect there will be opportunity, but it will take a bit of time to ride this thing out. My banker friends have continually told me they are telling their customers to trim at least $100 per acre from their cost of production. The landowners are not quite ready to let that much revenue go, and the costs of inputs have not diminished much either. I am not sure what these people are going to cut.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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