Originally posted by checking
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Maybe Its time to Leave the Club! But what to do.
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Originally posted by Casered View PostIf a farm goes bankrupt beacuse of over spending that is a mistake in my eyes. Bad years happen in farming. Spending and borrowing pretending bad years won't happen is foolhardy.
Careful spending insures a good retirement.i would hate to he old and broke..incase a person lives a long time?
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Originally posted by Casered View PostWhy is growth so important? Why not being happy staying the same size? When we are looking at a crop faliure in a month's time without a rain new Machinery and $100 an acre rents are a big mistake. We aren't talking pennies we're talking millions in brand new Machinery that is not needed to farm.
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Well just about lost our RT.
Fire started today while seeding from exhaust were thinking but who knows. Cool heads helped as the driver grabbed the tubs for measuring seeding accuracy and found a slough. By the
time I got their with our fire equipment the tracks were burning on one side. Thank god it was calm saved the RT. Few burnt wires at back but could of been way worse. Be careful guys. On way to bring fire equip I almost totalled the one ton.
Not a good day but got to less than 1/3 left calling it a day
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Originally posted by wiseguySell the green and buy New Red ! !
Thats it for Deere, way out here !
Some have not seen this yet ... lol
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Originally posted by Casered View PostWhy is growth so important? Why not being happy staying the same size? When we are looking at a crop faliure in a month's time without a rain new Machinery and $100 an acre rents are a big mistake. We aren't talking pennies we're talking millions in brand new Machinery that is not needed to farm.
You stay the same size and then you never buy land. The end game is farmland ownership. Accumulate wealth. Large acre, large cash flow to make land payments . Everything else is perhiphreal. Lease the iron, pay salaries but ultimately own more land when you decide to say “stopâ€.
How many farmers are going to scribble around living miserly and resentful on 1000 acres Waste of time, rent it out and go get a job. Then you have spending money to live.
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