It's so true, as has been said by others, the best way to run any business is to have enough capital to own most of your assets. If you need to borrow to buy your seed and fertilizer you are in a deep hole before your crop even sprouts. For most farmers we would be as well off if we spent the seed money on lottery tickets instead of putting it in the ground and praying for a good crop and a good price for our crops. At least with the lottery you stand a chance of winning once in a while. I believe that if you buy your inputs for next years crop, or bank the money to do so, as soon as you get your money for the current crop you start out ahead and have a better chance of pulling through if the crop fails or the markets collapse. I am only a small farmer [hobby farmer] and I have planted 60 acres of corn and the price is way down but I planted it using my old equipment and the same goes for the harvesting. No I won't make any money but I won't lose any either because I have no creditors waiting for their money. The money I get is mine and I can choose to spend it as I please. Buy next years crop inputs or go on a trip.
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Today's Featured Article - George's Fordson Major - by Anthony West (UK). This is a bit of a technical info to add on to the article about George's Major in the "A Towny Goes Plowing" article. George bought his Major from a an implement sale about 18 years ago for £200.00. There is no known history regarding its origins or what service it had done, but the following work was undertaken by Harold alone to bring it up to show standard. From the engine number, it was found that the major was produced late 19
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