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Licking Inflation The Homestead Way

One of the biggest laughs of the last decade or so has been the way our vaunted economy has “licked inflation.”  Every time we took another lick off of the delicious ice cream cone, the price of farm land leaped another lick higher. Every time the Federal Reserve licked interest rates lower, the price of houses jumped another lick up. Every penny “saved” on interest meant two or three pennies spent on construction that became a colossal loss when the owner could not make payments. We licked inflation so well that the price of corn went to historic highs this year, dragging food prices up with it. Fertilizer costs have spiked 18 percent recently according to the latest report.

Even when manufacturers purportedly “hold the line” on prices, inflation wins. The hoe you buy today for nearly the same price as the one you bought fifteen years ago will need repair or replacement twice as soon which means that the inflation occurs not only in your wallet but in the increasing height of the landfill.

Or, what is very prevalent right now, the manufacturer holds the line on the price, but when you check the package, it holds somewhat less than it did previously.

However, I think inflation is good because otherwise I could not have survived as a writer but would have had to find an honest way to make a living. Read the rest of Gene Logsdon’s post on inflation, and find out more about why he likes inflation!
holyshit Gene Logsdon is the author of, most recently, Holy Shit: Managing Manure to Save Mankind

A Small Thing But Maybe Not

All summer I raved and ranted at the squirrels that were eating the corn in my crib. I was particularly concerned because the drought seemed to be making sure this year’s crop was going to be a bust. I did not look forward to buying corn at drought-inflated prices just to keep squirrels fat eating […] Read More..

Fires In the Fields

If you want to see the landscape of hell painted prettily on a farmland horizon, watch a field of corn on fire. It is hellish enough, in my view, to see corn fields stretching away in every direction from sea to shining sea with no houses, barns, trees, fences, grazing animals or any other sign […] Read More..

Weeds That Like A Sip of Roundup Now and Then

First the glorious days of advanced farming brought us corn stalks that eat tractor tires. Now there’s a weed that likes to drink weed killers, especially Roundup. Recently Palmer amaranth “completely overran” most of the soybean test plots at Bayer CropScience’s test plots in Illinois, in the words of DTN/Progressive Farmer editor, Pam Smith, despite […] Read More..

The Weather May Not Be the Problem

There are so many stark contrasts in the world today. These are times out of which great epics of literature ought to be written but aren’t. Society is too engrossed in drivel like whether badminton players in the Olympics were cheating or not. This summer, the driest in 50 years in parts of the Midwest, […] Read More..

Tire-Eating Cornstalks

I fantasize about genetically-engineering deer that would love the taste of raccoons or that would eat car tires so society would do something about surging wildlife populations. But now a true occurrence is taking place in Foolish Farming Today that not even a genius like Mark Twain could reduce to a more absurd conclusion. Agribusiness […] Read More..