5 years since the banking collapse in the fall of 2008. And still hurting.
It was like a horrible economic car crash with lots of broken bones and internal injuries. It will take a long time to recover.
Farmers have actually had a good period compared to lots of other industries. High grain and beef prices have been good for parts of rural America. But farmers represent 2% or less of the population. Lots of us collectors are retired farmers or hobby farmers that have not benefitted much from the current high Ag prices. Retirees are feeling the pinch of low interest rates on our savings as they try incentives to restart the economy.
We are paying a big price for our economic carelessness in the early 00"s.
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Today's Featured Article - Harvestin Hay: The Early Years (Part 2) - by Pat Browning. The summer of 1950 was the start of a new era in farming for our family. I was thirteen, and Kathy (my oldest sister) was seven. At this age, I believed tractor farming was the only way, hot stuff -- and given a chance I probably would have used the tractor, Dad's first, a 1936 Model "A" John Deere, to go bring in the cows! And I think Dad was ready for some automation too. And so it was that we acquired a good, used J. I. Case, wire tie hay baler. In addition to a person to drive th
... [Read Article]
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