Year-end purchases of farm equipment seem strong, according to partners in Lake County International, founded in 1962 at Madison, South Dakota, and operated as a one-site dealership by the Bloom family.
LeRoy and Rosemary Helbling of Mandan, North Dakota, farm with International Harvester equipment that is mostly 30 to 40 years old, kept in pristine condition. They raise crops primarily as feed for their Hereford herd of cows.
Brian Bjork, 62, (pronounced “Byork”) a farmer from Forman, North Dakota, is selling his machinery piecemeal after making the decision in December 2021 to retire from farming. His reasoning: used equipment values are “hot” and unlikely to improve. He’ll enjoy retirement near family and will work for a young neighbor who will rent his land.
The NCUA has revised its strategic plan to clarify that the agency will not take regulatory action based on “climate-related financial risks” to discourage credit unions from lending to “family farms and others in the agricultural sector as well as businesses tied to the fossil fuel industry.”
"Tenants have the right for a crack at a reasonable profit on farming the land, while landlords have the right to expect a rental rate comparable to similar land in the area. Both sides are equally important, and both need to be reflected in the final agreement."