Farm equipment half-buried, just off the Claude Highway, east of Amarillo.
Not as famous as the Cadillac Ranch, but....
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December 1, 2007
Farmhenge
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  US President Franklin D. Roosevelt Forbids Hoarding of Gold (1933)Executive Order 6102 required US citizens and businesses to turn in all but a small amount of gold to the Federal Reserve in exchange for $20.67 per ounce. It came in the midst of a banking crisis, when the stability of paper currency was in doubt. Consequently, many tried to withdraw their money and redeem it for gold, which was considered safer. However, there simply was not enough gold in the US—or the world—to cover the nation's debts. How many people were prosecuted for violating the order? More... Discuss |
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2 comments:
Art? I'm having a hard time wrapping my head around that one. I keep looking at the equipment ( which is probably out of date) and thinking, "What a waste"
=wonders if any of those tires will fit her John Deere?=
To be honest, I thought the same thing, namely that the equipment didn't look all that bad.
For example. a couple of cultivators looked fine as well as did a couple other plows that aren't in the frame. I'm sure the tractors were shot, but I'd agree w/ you that it seems a waste.
OTOH, you can't depreciate the entire value of something - a tractor, a fence, etc.- over a ten yr. period as can a "real" farmer. Nope, you'd make do with your ten/twenty yr. old tractor.
This would've bothered my pop, too. He was against waste in any industry, but esp. critical of farmers and their subsidies. I remember a Sat. morning, driving into town for our weekly shopping trip and seeing the ditches alongside the road running full with irrigation water--the farmer was too lazy to go turn it off before he went to bed.
"They're...hell, WE'RE gonna be needin' that water in 20 years!"
Damned if he wasn't right.
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