I would not necessarily think they are weak because at least they are trying to get ahead and build a business but for many of them stupid fits pretty good. How else can you describe people who think it's a winning strategy to borrow money and mortgage land and equipment they already own to by more land priced up to multiples of 25 X maximum production. Everyone who bets continuously on inflation to cover the costs of over paying or over spending always loses in the long run, some may win in the short term if they buy and sell before the inevitable crash or " rebalancing" as the economists like to call it now days. Look at the federal debt, it is the exact same scenario, spend like drunken sailors as long as inflation is cheapening the money and raising revenues but the minute posterity sets in it is look out below.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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