Posted 1/6/2014 05:17 (#3578234 - in reply to #3569534) Subject: Depreciation is an expense too
WC Iowa- mostly river bottom
Only a fool would think that machinery isn't a cost of production. Maybe that needs to be taught in school too. The reason cash rents are so high is that people have bid away their machinery and labor to get another piece of ground. Some day- maybe sooner than we know, that will catch up with everyone over paying on rent.
Cost of farming?
