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 - Tuning-Up Your Tractor: Oil, Oil Filter and Air Breather - by Curtis Von Fange. In the preceding articles we discussed some of the various aspects of doing a comprehensive tune up. Hopefully some light was shed on why we do or don't do certain things pertaining to inspections and order of events when doing a tune up. Perhaps some useful reasons were given for why parts fail and what to do about preventing part failure in the future. All these tips will help us think and reason out a problem in order to make our tune up last and, hopefully, keep us from spending extra mone
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