I've known a few like that but they didn't last long. Most of the farmers I know have college degrees in business and may be in debt more than most can imagine but owing $1 million when your assets are over $4 million isn't a big deal. When you add in land, a modest crop farm can easily top $5 million. As long as you cash flow in the down years a 25% debt isn't unreasonable. Any that have been in business any time at all know this. As far as their fathers, there were a lot of them that were bailed out by the government in the early 80's. That safety net has bigger holes now.
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Today's Featured Article - Tractor Hydraulics - The Basics - by Curtis Von Fange. Hydraulics was one of the greatest inventions for helping man compound the work he can do. It’s amazing how a little floor jack can lift tons and tons of weight with just the flick of a handle. What’s even more amazing is that all the principals of hydraulic theory can be wrapped up in such a small package. This same package applies to any hydraulic system from the largest bulldozer to the oldest and smallest tractor. This short series will take a look at the basic layout of a simple hydraul
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