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BA Deere
Honored Advisor

Re: PF Tour day 2!

The economic theory of "farmers won`t produce for less than cost of production" is antiquated.  Because farmers are old and have inherited assets accumulated over 50 years, that`s why at a retirement auction there might be $1 million in machinery on a 500 acre operation.  Then there`s cases of a construction company owner also dabbles in farming, he`s "losing money" on the farming to off set the insane profits from his excavating business.   Hundreds of examples of how land will sell for $15,000/acre and the big will get bigger even if corn drops to $`ll actually speed up the process being more land will be on the market from those throwing in the towel who need the farm receipts for their living expense.

Millionaire country singer Luke Bryant is even in the farming gig

Billionaires caught the farmin` bug    

Cost of production?  What you taklkin` about Willis?

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Veteran Advisor

Re: PF Tour day 2!

Even though equipment may bring back more than You paid,  after You've used it a few years,  

At some point You may be over equipped if Your depreciating more than 1 fencing plier.

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