It's so much an individual thing. The key is productivity. Then expectations. I remember back to the late 1970's a farmer borrowed heavily because the son wanted to farm with new equipment. Nothing wrong with what they had and over time they could have built a nice fleet but the son wanted it in one step. Needless to say 1980 hit and interest rates soared. The new stuff was sold at auction with a loss a couple years later. That farmer never quite got back on his feet after that financially. I farm just a little over 300 acres but the the machinery is fairly dated other than the corn planter and we lack certain things but get by. The place had a lot of debt years ago but it got paid off which is why we can get by on such a low number of acres for cash cropping. Rent is way out of whack compared to productivity locally.
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Today's Featured Article - Updatin The Charging System of Your Older Tractor - by Tyler Woods. Older tractors have externally regulated generators or externally regulated alternators, in some instances. That means there is one device that turns energy from the fan belt into electrical energy,
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