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1948 new prices

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JayIN View Drop Down
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Joined: 18 Dec 2009
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    Posted: 19 Feb 2019 at 10:00am
Looking thru Dad's farm records from 1948. New equip purchases. Roto baler June 12-$1043. AC side delivery PTO rake July 1- $375.98.
WD tractor and cult
July8- $1650. Round bale loader new (not AC. Short line) June7-$276.45 Hammermill from the Co-op $347.50. New barge wagon&hoist AC Aug 26 1948- $299.
sometimes I walk out to my shop and look around and think "Who's the idiot that owns this place?"
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Dakota Dave View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dakota Dave Quote  Post ReplyReply Direct Link To This Post Posted: 19 Feb 2019 at 11:59am
Every $100 in 1948 is $1,041 today.just over $171,000 for the WC and cultivator.

Edited by Dakota Dave - 19 Feb 2019 at 1:50pm
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Joe(OH) View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Joe(OH) Quote  Post ReplyReply Direct Link To This Post Posted: 19 Feb 2019 at 2:06pm
Not sure what inflation calculator you are using,  but the one I used said that $1650 in 1948 would be $17,233.39 in 2019. http://www.usinflationcalculator.com/
Life is simpler when you plow around the stump.
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GreenOrange View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote GreenOrange Quote  Post ReplyReply Direct Link To This Post Posted: 19 Feb 2019 at 4:16pm
He must have had a good year!
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DougG View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DougG Quote  Post ReplyReply Direct Link To This Post Posted: 19 Feb 2019 at 6:06pm
He must had a very good year for sure !! Spent a lot of money
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JayIN View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote JayIN Quote  Post ReplyReply Direct Link To This Post Posted: 19 Feb 2019 at 6:21pm
He had just returned from the army. Occupation of Okinawa Japan. Bought the 300 acres from his mom.It was Go Time!. He farmed 55 years. The Greatest Generation. We don't hold a candle........
sometimes I walk out to my shop and look around and think "Who's the idiot that owns this place?"
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Don(MO) View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Don(MO) Quote  Post ReplyReply Direct Link To This Post Posted: 19 Feb 2019 at 6:34pm
So what was the price corn sold for in 1948? 
3 WD45's with power steering,G,D15 fork lift,D19, W-Speed Patrol, "A" Gleaner with a 330 corn head,"66" combine,roto-baler, and lots of Snap Coupler implements to make them work for their keep.

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JayIN View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote JayIN Quote  Post ReplyReply Direct Link To This Post Posted: 19 Feb 2019 at 7:13pm
Didn't matter much. All of that was run thru cattle. Sold a lot of cattle and hogs. He used to call it "Vertical Integration". Good question,tho.
sometimes I walk out to my shop and look around and think "Who's the idiot that owns this place?"
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GreenOrange View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote GreenOrange Quote  Post ReplyReply Direct Link To This Post Posted: 19 Feb 2019 at 8:53pm
Looked it up out of curiosity- Corn prices January 1948 $2.46; January 1949 $1.25. Looking at the surrounding years, it looks like the 1948 price was a huge spike.
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JayIN View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote JayIN Quote  Post ReplyReply Direct Link To This Post Posted: 19 Feb 2019 at 9:10pm
Thanks for looking that up!
sometimes I walk out to my shop and look around and think "Who's the idiot that owns this place?"
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Don(MO) View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Don(MO) Quote  Post ReplyReply Direct Link To This Post Posted: 19 Feb 2019 at 9:11pm
So if I used this inflation calculator right and corn was $1.25 in 1949 so today corn is $13.22 that's higher than I have ever gotten for corn, at that price we can all to pay for a new tractor in a year or two! lol
3 WD45's with power steering,G,D15 fork lift,D19, W-Speed Patrol, "A" Gleaner with a 330 corn head,"66" combine,roto-baler, and lots of Snap Coupler implements to make them work for their keep.

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Mikez View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Mikez Quote  Post ReplyReply Direct Link To This Post Posted: 19 Feb 2019 at 10:24pm
Thanks for sharing, interesting
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HD6GTOM View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote HD6GTOM Quote  Post ReplyReply Direct Link To This Post Posted: 20 Feb 2019 at 3:54am
I remember dad paying $1.00 a bushel for ear corn in the 1950's. There was a whole lot of discussion between mom and dad about it. They had 5 of us kids to feed.   he had started to feed out his calves.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote deadeye Quote  Post ReplyReply Direct Link To This Post Posted: 20 Feb 2019 at 8:58am
Always great to read these stories, Kuddos to your dad for digging in when he got out of the service. My FIL had similar story but bought Massey Harris. My dad bought a new Roto Baler in 48  and a new WD in 'That generation knew what work was for sure.
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