Got a place near me, over 300 acres, over 200 tillable, compared to the soil in the Red River Valley or much of IA pretty poor, 45 BPA beans if you put in enough fertilizer. One OK building on the farmstead and it isn't the house. They are asking just south of 600,000. Been on the market for almost a year.
My banker here said they have no one that they are cutting off this year but if prices stay the same he says next spring there are a few who won't get operation loans.
I'm not confident in the debt load some of the local guys are carrying right now. Lets just say there are no vacations in their planning right now.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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