“OBSERVATION - Noted agriculture costs a few days ago. No relief in sight.”
FWIW, we just ordered new tracks for our Skid Steer. If and when Tariffs are put in place again, anything we need for the farm is going to go through the roof. We also got chickens this spring - egg prices are currently a thing of the past as long as the girls stay happy and healthy and I can refresh the flock every other year or as needed.
I have been shopping around for the best prices on milk and butter too, and stocking up and freezing all that I am allowed to buy.
We are also stocked up on building supplies we need for near-future projects (front porch repair, remodel and painting) as well as a new kitchen sink and tin ceiling panels for the kitchen. Updated Kitchen lighting is next, so I have to make some decisions pretty quickly!
We also pulled together some cash this week to pay off the remaining 112 acres of crop land that we rent out. That rent pays our taxes and more each year on the whole farm. Then, we will be 100% Debt Free! We owe nothing on trucks - they’ve been paid off for ages.
We’re not doing this just because President Trump was elected; we are doing it because President Trump WAS elected and Socialist Democrats will still be trying to sabotage anything he wants to do, resulting in more economic PAIN for ‘We The People’ in the short term.
Planning a head is excellent. So too is getting debt free and staying that way.