The coming of spring is a time when farmers across the Midwest U.S. gear up to plant again, and 2012 looks to be another positive year for the industry, Harvest Public Media reported. People who have used John Deere equipment will celebrate the recent success of the sector, as sentiment in the past was less optimistic.
According to the news source, though the recent years have seen strong levels of earnings, investment and optimism from farmers, it has not always been like this. In the 1980s, tens of thousands of farmers went broke and were forced off their land, a stark contrast with the state of the industry today.
An article posted by The Eighties Club, highlighted the effect of the 1980s agricultural crash, as the speculative bubble that burst during this period negatively impacted thousands of farmers across the country.
Unlike this period of trial and tribulation for farmers, the current state of the industry is full of optimism and growth. Due to the success that they have had, people in the sector are able to make new investments and plant record-sized harvests, according to Harvest Public Media.
"Oh, yeah! Can’t complain. Prices been real good," farmer Rick Kroll told the news source. "Crops ain’t been bad, either."