Not taking a side because I don't want to see anybody fail really,but if it wasn't for crop insurance guaranteeing loans,could most of the larger operations exist? Not just the ones who we might think of as BTOs,but anybody who borrows more money to plant a crop than they have equity in the land and equipment that they own?
How could operations like Boersen get a loan to plant one acre without those guarantees? As fast as they grew,they had no equity in anything.
It's like I told the banker when I bought my second 80 for $600 an acre back in the early 80s. I told him that land would never pay for itself if it was all I was farming,it's the rest of the operation,the dairy cattle,the other land I owned and the land I rented,that would pay for it.
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Today's Featured Article - Tractor Profile: Allis-Chalmers Model G - by Staff. The first Allis-Chalmers Model G was produced in 1948 in Gasden, Alabama, and was designed for vegetable gardeners, small farms and landscape businesses. It is a small compact tractor that came with a complete line of implements especially tailored for its unique design. It featured a rear-mounted Continental N62 four-cylinder engine with a 2-3/8 x 3-1/2 inch bore and stroke. The rear-mounted engine provided traction for the rear wheels while at the same time gave the tractor operator a gre
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