Sunburst Montana | IADAVE - 7/3/2022 09:57
I agree. The 80's I made money on what I did. Even in 83 when the area I farmed like the landlord wanted burned up. The trouble was getting operating capital and assets depreciating 80% in six months.
I do know a lot of guys that didn't make money though. One I always remember inherited land at the high. He had to borrow to pay the inheritance tax. In a few years he owed more than the farm was worth.
We expanded in the 80s and even upgraded a few prices of machinery. So did several other neighbors in the area. The only guys that went broke around here would have went broke if wheat was $20 a bushel. Pi$$ poor managers. The only thing that put a crimp in us was drought and hail. You didn’t see the blood bath around here like you did in other parts of the country. However I will say when the CRP program came out, farmers around here took to that like ducks to water. Whole farms going in. Probably was tired of fighting it.
Edited by Steiger Man 7/4/2022 16:42
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Those who farmed through the '80's ?
