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falling old equipment values
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Posted by Jonathan on April 13, 2004 at 10:35:30 from (165.121.146.55):
I see prices are dropping everywhere with the economy and it makes me very sad to see it. Farms are going out like crazy in my area, and the land is either getting bought by corperate farmers or getting developed, which unfortunatley developing is happening alot more often due to rich yuppies pushing the value of farm land through the roof and out of reach of farmers, because they want to build their estates ontop of the nicest farm they can find, maybe have a horse or two, but no way are they going to keep it in farming. The value of older farm equipment is falling because there is getting to be a surplus of it around. The family farms are going out and the corperate farmers aren't interested in old equipment. The Farmall A's and C's are still worth something, because yuppies like those "cute" little tractors, but H's and M's aren't worth much.
I'm wondering just how close we are to a big food crisis, the population is rapidly increasing, and there is less and less farm land availible, something is going to happen, there is going to be a breaking point.
I'll now step down off my soap box, sorry for the rant.
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