Future of Farming

[seabass]

That is exactly on the money LEP. Divide and conquer. They know that we farmers have spent our way into a shit storm and have no choice but to sell regardless of price. Bills are due so heres what u get. Take it or leave it. We do it to our selfs everytime and then complain about it.
Ridiculous rent, half a mil drills and combines. Just add to the headache.

[Guest]

yea I agree , although not all farmers have . we watched some of the shit shows going on around us and just sat back in amazement ! watched some of that high price shit goin by and said no thanks . could never see how a $700,000 drill (equivalent to approx 240,000 bu oats plus what you have already paid in inputs to grow them) could make any sense except to the guy selling it . they have most people on a treadmill, need more land , then more machinery , then more land , etc. , for what ? ........

[westernvicki]

Over breakfast a North Dakota producer told us that they needed 40 to 50% down to buy land, as smaller bank and cooperative credit institutions are the mainstay of lenders. Here it is generally less, and can be taken from equity. Not sure if his story is reflective of the whole but indeed at that % a very different lending program evolves.

[westernvicki]

Anyway land is at least a reasonable asset to suffer for, the ratio that really had me wondering was at the farm show a $750,000 combine and 5.50$ wheat were featured on the same day.

Go figure.

[Kodiak]

Cotton - I thought that line might catch your attention.