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JayIN 
Orange Level
Joined: 18 Dec 2009
Location: SE/IN
Points: 1982
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 Topic: 1948 new prices
Posted: 19 Feb 2019 at 10:00am |
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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.
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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
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Joined: 12 Sep 2009
Location: ND
Points: 3937
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Posted: 19 Feb 2019 at 11:59am |
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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)
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Joined: 11 Sep 2009
Location: Montezuma, Ohio
Points: 972
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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/
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Life is simpler when you plow around the stump.
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GreenOrange
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Joined: 11 Sep 2009
Location: Wisconsin
Points: 828
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Posted: 19 Feb 2019 at 4:16pm |
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He must have had a good year!
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DougG
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Joined: 20 Sep 2009
Location: Mo
Points: 8102
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Posted: 19 Feb 2019 at 6:06pm |
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He must had a very good year for sure !! Spent a lot of money
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JayIN
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Joined: 18 Dec 2009
Location: SE/IN
Points: 1982
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Posted: 19 Feb 2019 at 6:21pm |
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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........
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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)
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Joined: 12 Sep 2009
Location: Bates City MO.
Points: 6862
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Posted: 19 Feb 2019 at 6:34pm |
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So what was the price corn sold for in 1948?
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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
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Joined: 18 Dec 2009
Location: SE/IN
Points: 1982
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Posted: 19 Feb 2019 at 7:13pm |
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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.
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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
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Joined: 11 Sep 2009
Location: Wisconsin
Points: 828
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Posted: 19 Feb 2019 at 8:53pm |
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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
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Joined: 18 Dec 2009
Location: SE/IN
Points: 1982
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Posted: 19 Feb 2019 at 9:10pm |
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Thanks for looking that up!
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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)
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Joined: 12 Sep 2009
Location: Bates City MO.
Points: 6862
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Posted: 19 Feb 2019 at 9:11pm |
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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
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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
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Joined: 16 Jan 2013
Location: Usa
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Posted: 19 Feb 2019 at 10:24pm |
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Thanks for sharing, interesting
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HD6GTOM
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Joined: 30 Nov 2009
Location: MADISON CO IA
Points: 6627
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Posted: 20 Feb 2019 at 3:54am |
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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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deadeye
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Joined: 09 Jun 2012
Location: Butler Co. IA
Points: 11
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Posted: 20 Feb 2019 at 8:58am |
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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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