The only way you can afford to farm is to be independently wealthy. In our rural county two farmers (one of whom was my dad) were bankers, one farmer owned a big trucking company, another owned a chain of grocery stores, one was a NYC Lawyer married to the heiress of one of the big pharma companies and the biggest farm in the county (5000 acres) was owned by a Congressman...and this was way back in the 1980s when I was a kid.
corn price by me in wisconsin this morning 8-27 is $3.31 a bushel. funny how less than 1% of the population controls ALLLLL the food BUT we have NO say in the price we get???? mean while i am watching 2 different co-ops building new grain bin adding new trucks and sprayers and fertilizer spreaders our local deere dealer just added to their shop a addition big enough to hold 4 semi's with trailers. my local tire dealer who comes to the farm just bought another new service truck along with the 2 new ones he bought in spring and sold the 2 old ones he bought 4 years ago. and i have friends at the 2 co-ops the deere dealer and tire dealer and they ALLLLL are getting RAISES again this year they said 4th year in a row. and here us farmer are once again taking the scraps from the table. hoping next year instead of just gristle we MIGHT get a little very little steak
@@dirtpoorfarms...7034 and all i hear from my co-ops my fuel guy my deere dealer my tire guy is you farmers DONT under stand? we have employees wages and taxes and maintenence and upkeep and repairs we HAVE a business to run we HAVE expenses that keep going up.....................ummm yeah so do we farmers DUH! and thats exactly what i tell them.
Well back in the 80's we would watch the milk truck drivers cry when we used to dump the milk on the fries instead of sell the dairies cuz the milk price was shit I would plant less corn and more wheat oats beans anything but corn watch that price go up on it
A guy near us kept 3 years of crop on site...sold the 2020, 2021 and 2022 crop for $11.50 Canadian...must have spent some $ on aeration over the 3 years...but that was life changing prices not that long ago.
Here in central Tx between AUSTIN and San antonio houses are taking the little farm land we have , Lot more money in development than agriculture . Too much food here .
All acres drowned out here will be poor quality, bad yields. Nothing worse than breaking all the equipment getting stuck having hired men sit around and paying interest to lose money.
replanting the drowned out spots thats how i spoiled more than 1 grain bin before finally decided it's not worth the risk. last time i planted corn 2003 380acres corn was $1.09bu calculated it would be cheaper not to farm the land one thing about pioneer brand it dries down F A S T hate it when it's coming off the combine 15% grain dryer a mathews company 410bu 2 fan continuous would get moisture down 1.5 points at the fastest unload speed elevator wants 14-14.5% so one gets docked
I used my New Idea two row picker. 38 inch rows. ALONE I can pick two semi loads of corn a day. Over the last 25 years. I spent 350 dollars on it. ( a gear box redo ) . Last year I bought a 6600 John Deere combine. ALONE I can not pick more then a semi and a half a day ! With a combine Im chasing wagons all day ! Take the wagons out... stop each time to dump.....then go get them again. IAhuge mistake on my part ! Ill park the combine and go back to my New Idea picker ! Yes..if you have twenty people helping. Of course a combine is much faster...... But I wont even talk about the expenses to operate a combine. Its sickening !
Damn this corn looks worse than our worst field last year after we had to replant mid July last year to get 50% hail damage across 100% acreage after replant. Ended with 140 ish bu across 2600 acres let’s say this will be another profit less year for us as well but we’ve got the yield we’ve been missing for the last 4 years to make up for it.
@@dirtpoorfarms...7034 sad to see and hear that but may god bless you and your family through this years harvest and for better yields on the future. You’ve got a nack for talking to the camera so stick with it I think you guys will see some real benefits in the future with consistent uploads. Just don’t get too hung up on those guys in the comments talking about “hand me down farmers” 🤣🤣
Those that bought high dollar farm equipment are going to regret it, Those that know how to keep up their older equipment will be much better off. But today is seed and chemical companies need to be 10% of market. Basically put out of business and replaced with regional companies.
No expert here but would it not be more profitable to downsize from the large bank loan dependent farms and run older less expensive to maintain equipment? Go Non-GMO or organic so higher grain prices with lower costs. Might be worth testing on a few acres and compare costs and profit. This stuff about loans with interest for fuel and fertilizer and all other operating cost is as ridiculous as the under $2.00 per bushel price that was quoted by someone in the comments. The guy with new idea picker was on to something too. Hope he got one with interchangeable sheller. Look for a way to get away from financing.
I run a small farm, 400 acres, with antique equipment...1975 to 1980 vintage. If you don't have tools and can't repair it yourself the labor costs to fix it (it will break, I guarantee it), will eat up any money you saved by buying old equipment.
Parts for some of the older equipment are getting hard to come by. There hasn't been a grain combine sized for a smaller farm built in over 30 years. Deere imported some made in Germany until the early 90s but there were not many of them brought over and if you need parts they have to come from Germany. Some of the companies that built small combines back then like Allis Chalmers have been defunct for decades so your only real option is getting parts from a junkyard or having a machine shop fabricate what you need.
@@northdakotaham1752 I would rather pay someone like me down the road to fix something old than pay interest to a bank to buy something new that will still need repairs. The people who control American banks and corporations all work together and benefit off the backs of middle and low income people. A meal on a neighbor’s table is more valuable than funding some fat cat’s beach house.
@@abdullahroberts8642 You would be paying the implement dealer. New or even used old equipment is very expensive compared to the commodity you are growing. With new you have a warranty and there will be a large tax write off...but tax write offs only benefit you if you have income to cover it. On my farm, the gross income doesn't even cover buying 20 year old machinery.
Did you get time to see how our stainless steel acc are holding up on our last video still good shape after 3 yrs I might have missed it but, are you have any issues with yours
To make it even for small operations you gotta plant it, harvest it, plant it, graze it, and do some recreation type hunt on the property or lease it for a month or two at a time while not in use.
@@dirtpoorfarms...7034 farmers are going to have to consolidate and share machinery cost and trade labor and skills to survive and trade and barter work and try to work for shares with older farmers.
the hell are you talking about grandpa? why is it up to china to save americans after they fail at their own economy? they got rid of this system hundred years ago. why do you think the wealthy wanted us to go to war against communism for years? killing our children so we can keep getting charged out the ass for production, only to be exploited by the same people when you bring a finished product to market.
@@dirtpoorfarms...7034 WHATS IT MATTER IF ITS GREEN, RED, YELLOW, OR BLACK ITS PAID FOR AND GETS THE JOB DONE. Just because his machine are old does not mean he can not out yield a farm that owns a green x9 machine
Mike, it's obvious you're an employee getting a paycheck and never took a risk in your life. Your comment is so telling. Try putting your own money on the line and make a business. Then and only then can you relate to what family farmers live through every single year.
@dirtpoorfarms...7034 wowza. Between that variance and your yield changes. That's difficult to keep clean and judge moisture at the elevator to avoid the dockage.
