Re: How farms and tractors have changed over the years!!!

Posted by Bruce from Can. on September 03, 2018 at 16:29:26 from (74.12.73.215):

In Reply to: How farms and tractors have changed over the years!!! posted by JD Seller on September 03, 2018 at 12:56:05:

I have 276 acres that I own and farm. I buy the standing hay off the farm I was raised on, or what’s left of it, as well. Now my farm is a bit like comparing apples with oranges, because I milk cows in Canada. Although many of the comparisons carry across the international boarders of USA and Canada. For instance, the 50+ acres across the road from my home farm sold two weeks ago for over $600,000.00 without a house or a well. No the farm across from my other place with a nice house , and 144 acres is for sale, 2.45 million. Blows my mind !!
My biggest tractors are in the 125 hp range I guess, and I have some old birds from 65 , 85 , and two 100 hp tractors. Like Randy, I am maybe a bit over powered sometimes, and I plough and plant about the same number of acres as Randy.
If I hadn’t been farming for a long time already, with the crazy price tags on farm now, I couldn’t farm here. There is plenty of areas in Ontario, and other provinces that I could buy land for less $$ and still farm much the same as I do now. Two things have created this current land value here. First, we are just over a hours drive to a city of six million people. And people with big money can pay whatever it takes to buy a property, that will allow them to have space, and distance from neighbors, while still being able to slip back to the big smoke.
The second reason for high land price , is once again folks with surplus money, looking for a secure place to park it, as nothing pays a decent return on investment with low interest rates. And a lot of land around is being bought by off shore investors, both companies and individuals. This makes it hard for any local farmers to buy land , and make it pay for its self.
My wife works off the farm, and this really just allows our oldest son to stay on the farm with me.
I also see the processing industry vertically inter grating and becoming the primary producer, as well as the father processor. This way they can control both cost and supply. Independent farmers will be around for a while yet, but will have a tougher and tougher time marketing their products once vertical integration in food becomes more wide spread.
Farming, for an independent farmer will simply become too capital intensive. Who could ever buy 144 acres for 2.45 mill, and ever hope to pay for it growing legal crops ?
New combine for Iowa corn growers, as seen at farm Progress Show last week. 1000 bu bin.

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