Now Grandpa Love, did you grow your business solely because the accountant said you should, or did you grow your business because you WANTED to be a big shot and had dreams of big money and living in the lap of luxury?
If you were just blindly following your accountant's advice, no offense, but you were a fool.
Many farmers get big because they WANT to be big farmers. Some are fools that blindly follow their accountant's advice too. Either way, the accountant is the one getting rich.
Bruce is right though. There's only so much old equipment out there and it's not getting any newer or less worn. It's pretty bad around here, small farmers selling old worn out junk to each other, the next guy hoping to squeeze a little more out of a piece of equipment that the last guy gave up on and parked in the weeds...
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Today's Featured Article - Seeing an Old Friend - by Joe Evans. Dad had a concrete contracting business starting in 1960. One of his first pieces of equipment was a Ferguson TO-35 with a Davis loader. Dad replaced the TO-35 with a MF 202 Workbull, essentially an industrialized Ferguson 35 I am told. Dad bought the 202 new in 1962, and I recall quite clearly going to the dealer with him to sign for it.
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