Yes, I was watching the video and had a lot of memories from my very young days. My Dad even wore glasses like the Dad in the movie. The movie mentions several times that "more production means more profit." That was when we were exporting grain to Russia/USSR as the rest of the world could not keep up with demand. That has changed now and there is an oversupply. However, the "more production means more profit" rule still drives farmers to try to produce more world-wide. I am in favor of competition but supply/demand does not work in agriculture like it does in other industries. When prices go down, other industries reduce production to clear inventory. Farmers increase production to cover expenses when prices go down, driving prices down more. Our markets and policies don't account for that, and that causes problems that stretch into many aspects of daily life, even for non-farmers.
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Today's Featured Article - What Price Enthusiasm? - by Anthony West. Quite frankly, for some time now restorers like myself have become more and more concerned about the rapid increase in the prices of old farm machines here in England. There is now a growing market for "As found" machines. Which as machines get rarer, has found the birth of a new industry....one of the "procurement agent". These agents appropriate as much old machinery as possible then inflate prices at auctions. So at what price enthiusiasm? We are now seeing poor machines which 3 years ago ma
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