Originally posted by caseih
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Any benefit to an older farmer if they finance a younger guy on their equipment?
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I start every year assuming the worst. We have been hailed out, drowned out, and frozen or snowed under often enough that I assume a complete write off is a probable outcome. I budget based on historical low commodity prices, regardless of what they are today. And I assume we could go a year or more with no crop income.[/QUOTE]
This reminds me of my neighbor and his son's differences.
The dad said he always underestimated what was in a bin/field and his son always overestimated. He said his son was often disappointed and mad and he was usually pleasantly surprised and happy. He liked his approach better.
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