1948 new prices
Printed From: Unofficial Allis
Category: Allis Chalmers
Forum Name: Farm Equipment
Forum Description: everything about Allis-Chalmers farm equipment
URL: https://www.allischalmers.com/forum/forum_posts.asp?TID=158320
Printed Date: 16 May 2024 at 2:13pm
Software Version: Web Wiz Forums 11.10 - http://www.webwizforums.com
Topic: 1948 new prices
Posted By: JayIN
Subject: 1948 new prices
Date 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.
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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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Replies:
Posted By: Dakota Dave
Date 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.
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Posted By: Joe(OH)
Date 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/" rel="nofollow - http://www.usinflationcalculator.com/
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Life is simpler when you plow around the stump.
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Posted By: GreenOrange
Date Posted: 19 Feb 2019 at 4:16pm
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He must have had a good year!
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Posted By: DougG
Date 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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Posted By: JayIN
Date 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........
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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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Posted By: Don(MO)
Date Posted: 19 Feb 2019 at 6:34pm
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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Posted By: JayIN
Date 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.
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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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Posted By: GreenOrange
Date 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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Posted By: JayIN
Date Posted: 19 Feb 2019 at 9:10pm
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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Posted By: Don(MO)
Date 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
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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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Posted By: Mikez
Date Posted: 19 Feb 2019 at 10:24pm
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Thanks for sharing, interesting
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Posted By: HD6GTOM
Date 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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Posted By: deadeye
Date 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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