north central Iowa, Hampton | Seems like for most 40 year farming careers, there will be one--maybe two periods about 6-7 years long that will be great profit opportunities. I'm thinking in my memory of the 75 to about 82 range and again in this 09-10 to say, 15 range.
The big trick is to be farming at the right time to take advantage of that window, and not get either caught in euphoria, or gloom the rest of the time. The guy who expands at the end of the boom period, or who starts with no equity in the low profit times can often find the end of the road a lot quicker than they'd like. |