No one would want the 80s back except ad a training tool for the young.
Announcement
Collapse
No announcement yet.
Ok boys how dry is it where you farm!
Collapse
Logging in...
Welcome to Agriville! You need to login to post messages in the Agriville chat forums. Please login below.
X
-
How would we cope with 18 percent interest rates and a crash with asset prices. Hats off to the guys that did I would not have.
Comment
-
In the eighties there was only one expensive cost item: interest. Today out of control costs include seed, fert, fuel, and machinery repairs. Throw now variable weather into the mix and we now have the 80's back. (US $ index peaked in 85 and is headed higher today if you need more similarity). Saw an old sign from 82 in a shop posting a mechanics labor rate at $28 per hour. Today $120 per hour.
Comment
-
The 80's were great years on this farm. My dad was a wise old fellow ( raised by depression and old country survivor type peasant stock), and had cash in the bank, he had not borrowed a cent to buy land. ( I wish he had now, but that is another story...). Half his income was interest income, I kid you not. I have his tax returns from those heady days, where his costs were 20 or 30 bucks to grow 40 bushels of 4 dollar wheat, and a new tractor or a good used combine was bought with cash flow.
The crops were good those years too, the land was relatively newly broken, the rains were not excessive, and they were good years for this area.
So the 80's have different memories for different people.
For this area, the eighties made a lot of farms. Depends how careful or care free you were I guess.
Comment
-
80 was not as bad as the 30. Next dry spell will be different also.Far from the 80 around here yet.60 year old trees that flooded and died still under water.80s there was not hardly any surface water.my one road is still under water and at the best will be over a year to make it drive able.
Comment
- Reply to this Thread
- Return to Topic List
Comment