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Re: Re: falling old equipment values
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Posted by Jonathan on April 14, 2004 at 07:07:23 from (64.91.160.98):
In Reply to: Re: falling old equipment values posted by jdemaris on April 13, 2004 at 19:24:23:
What I meant by "prices are falling everywhere" is prices are falling everywhere for farmers. I believe equipment is down in this area (select stuff), and so is jobs (atleast in my area), and milk prices have been low for a long time. I believe an M farmall is worth more than $1,500, but thats about what they are going for right now, and H's are going for around $800-$1,000 running. Why I say they sould be worth more is it's hard to restore them for that. As for a food crisis, there has been talk of it for a long time I know, but even with increased yeilds for 20 bushels to 60 an acre, there is still a carrying capacity, and with more and more land getting developed and alot more polluted or not fit to farm, there will be a breaking point. Child hood diseases are on the rise, cancer galore, global warming, smog, all big problems. No, I don't think about this all the time, but I did yesterday and posted my thoughts, I'm sorry some people don't think much of it, but must be you've all thought about stuff once in your life. As long as theres even ever so slightly overproduction, commodity prices will continue to be very poor and will not change very much until there is a shortage and if we keep going the way we are now, there will be, maybe not for 10yrs, and maybe not for 50yrs, but someday at the current rate we are going.
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