Been to auctions where the folks are older and moving to town or just selling the cattle. Frequently they've got newer tractors and equipment, but usually there is something older sitting around, too.
Then I've been to auctions where EVERYTHING is newer, including the house. Folks who moved to the country and tried the farming lifestyle, only to discover too late that it is a business as well. Kind of sad, really, watching someone else's hopes and dreams being auctioned off to the highest bidder, but still bringing much less than they paid for it.
I used to have a customer I did work for. He bought and ran a cattle farm for several years. Eventually he sold it and went back to doing what he did to make his fortune in the first place. He was a pretty shrewd guy and I'm sure he didn't lose too much on the equipment, and probably made money on the real estate.
Anyway, those are just my experiences, for what it's worth.
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Today's Featured Article - The Revival of a John Deere Combine - by The Red, John Fritz. For several years I had been driving by a farm house on the west side of Indianapolis that had a John Deere combine parked in high weeds in a lot behind the house. The gentleman no longer farmed because the entire area was developed with housing and light industry. I had stopped several times and knocked on the door but no one would answer. My curiosity was up and I wanted to contact the owner. I wanted to see what he planned to do with the combine.
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