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What would you have done differently 20-40 years ago?
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<blockquote data-quote="Bigfoot" data-source="post: 1372462" data-attributes="member: 17956"><p>40 years ago, it was 1976. Commodity prices soared, and so did the cost of land. Everybody and their cousin was expanding, and buying. A few years later came the 80's. Drought, grain embargos, high interest. Everybody, and their cousin went belly up. If I had known at the time, what I know now, I would have struck while the iron was hot. Many farms in my area sold at the court house door for less than $300 an acre. All qualified for the CRP. I would have bought all I could stand. Let the set aside program pay for the farm. Log and clear what hadn't been row cropped, and ran pairs on that. Unfortunately, I wasn't a financial dynamo in my early 20's. I only bought one farm during that time. Oh well, got a feeling those days are looking again. Maybe the next generation will be smarter.</p></blockquote><p></p>
[QUOTE="Bigfoot, post: 1372462, member: 17956"] 40 years ago, it was 1976. Commodity prices soared, and so did the cost of land. Everybody and their cousin was expanding, and buying. A few years later came the 80's. Drought, grain embargos, high interest. Everybody, and their cousin went belly up. If I had known at the time, what I know now, I would have struck while the iron was hot. Many farms in my area sold at the court house door for less than $300 an acre. All qualified for the CRP. I would have bought all I could stand. Let the set aside program pay for the farm. Log and clear what hadn't been row cropped, and ran pairs on that. Unfortunately, I wasn't a financial dynamo in my early 20's. I only bought one farm during that time. Oh well, got a feeling those days are looking again. Maybe the next generation will be smarter. [/QUOTE]
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What would you have done differently 20-40 years ago?
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