Illinois Family Farms, Stamp Farms, Boresen Farms, McMartin, and other of these large 50,000 acre farms seem to have grown too fast and started failing already when grain prices were high.
Their failures will be borne by us little guys, as CHS and other coops will short us on dividends to make up the 145 million owed, and as local suppliers have to charge more for fuel, seed, fertilizer, big iron to make up the losses they are getting.
It appears getting much beyond 10,000 acres becomes an ego move, and is not really sustainable or ecconomacly workable in the current Ag economy. Economy of scale helps until then, but much past that the errors and losing track of the small things in farming swamp these operations.
They seem to need to grow to keep the money flow, and end up growing at very high rental and lease costs that simpler do not work long term.
Bad deal.
For those interested, google the names I mentioned, there is a lot of farm land that is on the rocks across this country! Someone is going to have to make up those big losses. Only for sure thing is, it won't be them!
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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