Whew! Went to an auction...wot a trip! - Page 2 - Off-Road Forums & Discussion Groups
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post #11 of (permalink) Old 04-15-2002, 08:00 AM
Can't Get Enough
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Re: Whew! Went to an auction...wot a trip!

You know you click on a subject thinking you're going to find out some guy, that you only know by his nick name, got a Sears 5 ton floor jack for 20 bucks or something else for 5 cents on the dollar. You just want to share in his rah rah and maybe find out what some used stuff is going for. Then you start scrolling down thinking maybe somebody else can tell of an AC/DC welder he got for 35 smackers....No. What you end up with is a slice of life. An education. A reminder about life. I live in New Jesey. The Garden State. There was a farm right across the street from our last house. They grew soy and horse corn. I always wondered how they were doing. There was a new crop every year. But all around us farm land is turning into housing. I dunno how it supposed to all fit together???
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post #12 of (permalink) Old 04-15-2002, 08:27 AM
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Re: Whew! Went to an auction...wot a trip!

It just keeps getting worse and worse too--more and more people with $$$ are thinking land is a good investment. It used to be that, when that nice farmer down the road retired, his son would farm the land, or he would sell it to another local farmer. Now, someone from 300 miles away comes in and buys it from a realtor so they can play absentee landlord. We're really seeing some yahoos farming now too. A couple guys out in DeKalb county just got busted for insurance fraud. It seems as though they were renting land for $300+/acre. With $2 corn, on pretty decent land (maybe 185 bu/acre), it is impossible to even break even. Well--they would fudge up a yield history on the farm claiming that it was growing 300 bu/acre corn for the past 20 years...insure it for 300 bu/acre, and then file a disaster relief claim when "only" went 185. Only question is...if they're farming it for the first year, how can they (the renter) develop a 20 year yield history on it? Hmm, the insurance companies wondered...hmmm indeed.

The other thing we're seeing is guys bidding to break exactly even. With all the competition for land, guys bid the rent to a point where they will not make a dime. They hope to break even. In a bad year, they loose $$. The idea is that, once you get "in" with a landlord, you've got the property to rent and you can renegotiate prices in a few years. Hopefully, by that time, there won't be as much competition (because half of the farmers are all going bankrupt again). Only problem is that, with the influx of urban landlords who don't watch the property or really "know" it, there is no bond built between them and the tenant. So in a few years, when the farmer wants to renegotiate, the landlord just tells his realtor to send out a bid for cash rents (and some other dumb schmuck does the same thing--bid to where he'll hopefully break even).

And as this all goes on, with landlords who rarely, if ever, see there property, a lot of guys stopped maintaining the waterways, treelines, and ditches on the farms they rent. It is a downward spiral.

Back to the topic-->I love bundles of crap. We have one good thing on a hayrack, and the auctioneer takes 10 pieces of junk and makes a "value pack" with the one good thing and the 10 pieces of junk...[img]images/icons/wink.gif[/img][img]images/icons/wink.gif[/img]
post #13 of (permalink) Old 04-15-2002, 09:56 AM
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Re: Whew! Went to an auction...wot a trip!

Hey CJDave,
I realize you lived in the boil on the butt of the earth for quite a while, but please don't judge ALL of the West Coast by what you experienced in Kalifornia[img]images/icons/frown.gif[/img]. I lived down there for 4 miserable years (with my Mom, didn't have a choice, I was too young at the time[img]images/icons/frown.gif[/img]) and I will never go back except maybe to do Rubicon and some of the other wheelin' spots[img]images/icons/crazy.gif[/img]. I was born right here in Portland and love it here[img]images/icons/smile.gif[/img]. We have a little bit of everything within 2 hour drive. We have sand dunes, snow skiing, desert, thick forests, Farm land, and yes to be on topic, Auctions every Friday night here in Oregon City (you know, end of the Oregon Trail [img]images/icons/smile.gif[/img]). I've lived all over the midwest and all the western states and always find my way back here. People are as friendly as anywhere (except maybe real small towns). Biggest down side is cost of living and housing ( a lot of that has to do with the influx of refugees from that semi-Kommunist state you just moved from. A very sore spot with us Pacific Northwesterners [img]images/icons/frown.gif[/img]). Nickmil.
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post #14 of (permalink) Old 04-15-2002, 09:14 PM Thread Starter
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Re: Whew! Went to an auction...wot a trip!

[img]images/icons/crazy.gif[/img] I used to take my kids to Fort Stevens in Astoria every year for a week in August.[img]images/icons/smile.gif[/img] I've spent a lot of time at Newport and at Coos Bay/Charleston living abour the x-inlaws boat.[img]images/icons/crazy.gif[/img] Even wayyyyy back they had bumper stickers which read: "Don't Californicate Oregon" heh heh heh..... [img]images/icons/laugh.gif[/img] but they did it anyway [img]images/icons/crazy.gif[/img]
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