Are you prepared to sell some land? Right now 6% interest on guaranteed savings so land prices should be falling soon. Am watching auctions and do see some parcels likely lower but good land is staying up there for now. Because land value have been inflated they seem to be well ahead on rent in our area too so am watching auctions. Value of your land may be lower than you think and would require a sale to verify what it actually is. We do have some auctions in the next couple of weeks in our area of central Alberta. I rent a few fields of mediocre land. One field has never really made any money over the 3 years I have farmed it but a bit over a mile away I got a good crop on another rent field (best ever on that field). The rent on field #2 is higher for next year and now is above field #1. Fairly similar land. Weather and timing made the difference as one field got a rain that the other one missed. With the lower commodity prices my rent is likely high enough on these fields that profit prospects will be very slim in 2024 so it is likely that my rent is fair.
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Today's Featured Article - Timing Your Magneto Ignition Tractor - by Chris Pratt. If you have done major engine work or restored your tractor, chances are you removed the magneto and spark plug wires and eventually reached the point where you had to put it all back together and make it run. On our first cosmetic restoration, not having a manual, we carefully marked the wires, taped the magneto in the position it came off, and were careful not to turn the engine over while we had these components off. We thought we could get by with this since the engine ran perfectly and would not need any internal work. After the cleanup and painting was done, we began reassembly and finally came to t
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