If that $10,000 in 1959 money was put away in a safe place, be it a plain old CD or slow but constant growth muni’s or mutuals, 60 years later it would be a nice little retirement nest egg. Machinery in itself has never been a good growth investment.
I grew up on a 630 dad bought new in 1960. I have spent many thousands of hours on it, it has been a very economical and dependable machine. I still have it and it’s in very good shape but now looking back, in 1959 it was a dinosaur and the 460-560’s were the Cadillac at the time when they were new. I’m not talking about problems later down the road because that wasn’t known in 1959.
Ya I know, I’m grouchy tonight, snowed in in a motel room.
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Today's Featured Article - Grain Threshing in the Early 40's - by Pat Browning. The setting is rural Wisconsin, halfway between East Troy and Elkhorn, on Hodunk Road, our nation was at war, and I was 6, 7 and 8 years old. George was our "threshing neighbor." He was the one with the threshing machine, a JI Case on steel wheels, and he pulled it to our farm with a JI Case standard tractor also on steel. In those days, steel wheeled implements were common. The roads were general gravel, so the lugs cutting into them wasn't a problem. George would set up the thresher, s
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