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Bailing
Jul 12, 2020 16:41:33 GMT -8
Post by sc397 on Jul 12, 2020 16:41:33 GMT -8
In 1973 I was working co-op. A half day in high school and the other half day working as a Draftsman for $2.00 a hour. After work I would work on the farm or for another farmer bailing hay or straw in the summer... for $2.00 an hour. Didn't take me long to understand that paying taxes sucked. They took taxes out of the Drafting job but the bailing job was tax free. Bailing hay was the hardest work I had ever done. A 115# kid hefting bails that were 2/3 of my weight. The worst was in the hay mow. No air and 100+ temperatures. I know, I sound like every ones Grandpa. Well OK, I am two days older than dirt but that don't count.. Lost my train of thought.. Right! Boy they don't bail hay like they used to. Nice toys the "poor farmers" have around here as well. What the hell, you may as well have two rigs for bailing. Anybody have any idea how much this equipment costs? This is a video showing how fast they can make a huge bail. It would have taken a 12 hour day to bail that field back in the day. IMG_3576 by Rick Jones, on Flickr
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Bailing
Jul 12, 2020 17:15:21 GMT -8
Post by 69Rebel on Jul 12, 2020 17:15:21 GMT -8
That tractor alone is probably around a quarter of a $million, probably another $100K for the baler. Industrial agriculture. A lot of farmers find themselves in deep shit when they borrow a million bucks for the latest and greatest, and then have a shitty season or two.
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Bailing
Jul 13, 2020 4:22:48 GMT -8
Post by sc397 on Jul 13, 2020 4:22:48 GMT -8
Industrial Agriculture. Never heard that term before but it makes sense. These guys around here could go through a few bad seasons and not be hurting. The guy who farms the fields around my house has a nice new Corvette to go along with his 4 semi trucks & trailers and all his farm equipment. Yea, they are not hurting around here.
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Bailing
Jul 13, 2020 5:03:55 GMT -8
via mobile
Post by spud on Jul 13, 2020 5:03:55 GMT -8
The survivors are big industrial groups and co-ops. My grandad farmed his own land in southern illinois for his lifetime. He retired around 1985 and lived off renting his fields to other farmers. Now you cant hardly farm land and pay the taxes, unless your a big operation and have a good team of accountants to “ manage” taxes and profits. The taxes in illinois are pretty high, they tax you on everything. If you have structures or junk machines you get screwed on them. Everything is taxed and acreage is taxed on maximum yield values.
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