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Round Baler Question?
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<blockquote data-quote="Anonymous" data-source="post: 194798"><p>I do remember a little bit when people lost everything due to commodity and those 1% government loans that jumped to 13% overnight. Well I build custom homes and do a fair amount of remodeling as my father did for fifty years. In our area that has been booming for the past five, plus years here. All of this time I have been working my behind off, paid off my house owe nothing to anyone, have one credit card, never carry a balance over to the next month. Unlike others in my age group I never did the dope, drinking or whoring around thing. I have health, disability and enough life insurance for my two daughters and wife to live off of for a long time very comfortably. Our farm has been in my family for three generations I am one of eleven grandkids and the only one interested in keeping this deal going. I have worked hard and am able to "lose" a little money on the farm thing however, I treat it as any other business. I am what some call a hobby farmer, which I feel is very disrespectful to start with, I carry the same burden and worries that a large rancher does, only It is dealing with houses, in an almost certainly declining market, I too pay high health insurance premiums and all of the self employment tax that a "farmer" does. I compare it to a cattle farmer who diversifies by raising hogs or grain as a cash crop, only my diversification is hay and cattle, building being my mainstay. Bottom line is:I actually lose money every year if I take into account all of my time and expenses in farming, the past few years the cattle have made me some money as long as I don't count my time in the equation. If I quit investing in cattle, hay, pasture and fertilizer then I my as well sell my ground for 50 grand an acre (going price here lately) and move to NY,NY and work on wall street. So I will stay here and keep experimenting and keeping this thing alive. If houses and remodeling quit I can "survive" off of the hay and cattle. I don't live in a mansion, no ferrarri's, no speed boats no trips to the bay for fishing, just live simply. I just happened to be at the right place at the right time to take advantage of what I am able to do, build. </p><p> Back to the bale wrapper, I was just thinking that it would save a lot of quality in the feed if I could roll it up and wrap it when the rains started to come in on me, right now I have about 20 tons of Alfala that is yellow because the rain got to it before I could get it all rolled. I can sell and use the baleage of good quality any day of the week. This junk that got rained on, well it takes twice as much to feed the same number of cattle and nobody wants to buy it. I know this is a very long post but, I wanted to give you information on your concerns. I agree that things will go south sooner than latter in this so called "great" economy. When 60,70 and 80 year old people tell you it's coming then it is going to come! At present I do have two years of expenses set aside, and keep so called "liquid assets" to cover my behind even further. Thanks for your concerns, your advice is sincere and honest. Thank you</p></blockquote><p></p>
[QUOTE="Anonymous, post: 194798"] I do remember a little bit when people lost everything due to commodity and those 1% government loans that jumped to 13% overnight. Well I build custom homes and do a fair amount of remodeling as my father did for fifty years. In our area that has been booming for the past five, plus years here. All of this time I have been working my behind off, paid off my house owe nothing to anyone, have one credit card, never carry a balance over to the next month. Unlike others in my age group I never did the dope, drinking or whoring around thing. I have health, disability and enough life insurance for my two daughters and wife to live off of for a long time very comfortably. Our farm has been in my family for three generations I am one of eleven grandkids and the only one interested in keeping this deal going. I have worked hard and am able to "lose" a little money on the farm thing however, I treat it as any other business. I am what some call a hobby farmer, which I feel is very disrespectful to start with, I carry the same burden and worries that a large rancher does, only It is dealing with houses, in an almost certainly declining market, I too pay high health insurance premiums and all of the self employment tax that a "farmer" does. I compare it to a cattle farmer who diversifies by raising hogs or grain as a cash crop, only my diversification is hay and cattle, building being my mainstay. Bottom line is:I actually lose money every year if I take into account all of my time and expenses in farming, the past few years the cattle have made me some money as long as I don't count my time in the equation. If I quit investing in cattle, hay, pasture and fertilizer then I my as well sell my ground for 50 grand an acre (going price here lately) and move to NY,NY and work on wall street. So I will stay here and keep experimenting and keeping this thing alive. If houses and remodeling quit I can "survive" off of the hay and cattle. I don't live in a mansion, no ferrarri's, no speed boats no trips to the bay for fishing, just live simply. I just happened to be at the right place at the right time to take advantage of what I am able to do, build. Back to the bale wrapper, I was just thinking that it would save a lot of quality in the feed if I could roll it up and wrap it when the rains started to come in on me, right now I have about 20 tons of Alfala that is yellow because the rain got to it before I could get it all rolled. I can sell and use the baleage of good quality any day of the week. This junk that got rained on, well it takes twice as much to feed the same number of cattle and nobody wants to buy it. I know this is a very long post but, I wanted to give you information on your concerns. I agree that things will go south sooner than latter in this so called "great" economy. When 60,70 and 80 year old people tell you it's coming then it is going to come! At present I do have two years of expenses set aside, and keep so called "liquid assets" to cover my behind even further. Thanks for your concerns, your advice is sincere and honest. Thank you [/QUOTE]
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