This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Better Off 4 Years Later? A Mixed Bag Of Answers

Small business, she says, is self-reliant. "The buck stops with me," she says. "We don't have anybody else to look to for help. I wouldn't sit back and wait for somebody to bail me out. I'm not counting on Washington to bring me anything. I do it myself."

___

THE FARMER

In the high-risk, high-reward world of farming, Randy Dreher doesn't measure his finances in four-year election cycles.

His fortunes revolve around crop prices, exports, and of course, the caprices of nature.

Despite a blistering drought this year, the fifth-generation Iowa farmer was left pretty much unscathed, the high crop prices offsetting his reduced crop. These are golden times in America's heartland, and as evidence, Dreher points to a record land sale in Audubon County, where he farms 200 acres.

Farm land recently was sold for a whopping $11,900 an acre. He says the buyer was a 75-year-old farmer.

"When you set a county record, there's got to be a lot of optimism," says Dreher, who grows corn and beans and raises pigs and cows on the same plot of land in west-central Iowa where his great-great grandfather settled more than 100 years ago.

Farm land values have skyrocketed across Iowa. In Dreher's county, for instance, in just a two-year span ending in 2011, an acre jumped from $4,537 to $7,240 â¿¿ and the climb isn't over, according to Michael Duffy, an Iowa State University economist.

Dreher says agriculture is enjoying its best days since he was born in 1980.

"If you can't make it in farming now, you'll never make it in farming," he says. "If you can't make money, find something else to do."

And yet, he sees clouds in the larger economic picture.

"I think about the debt and Social Security and Medicare. Where all those dollars are going to come from is very alarming to me." Dreher says. "It's like going to the bank every day, knowing you're overextended and have to pay it back someday. ... We can't borrow ourselves into oblivion."

6 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs