Farmers ready to spend cash in Louisville - News, Weather & Sports

Farmers ready to spend cash in Louisville

Ed Rosenbeck Ed Rosenbeck
Reid Hamre Reid Hamre
Jere Scherman Jere Scherman

LOUISVILLE, KY (WAVE) - Farmers poured into Freedom Hall Thursday to hear engines roar during the 46th Championship Tractor Pull Show.

It wasn't the tractors that had soybean farmer Ed Rosenbeck revved up, it was dollar signs, he said.

The USDA said income for farmers is expected to reach a record high for 2013.

"There's just a lot of money out there, if you are doing a good job and doing it right," Rosenbeck explained.

Rosenbeck is a millionaire farmer from Michigan who made the trip to Louisville to spend some cash.

"I plan on buying a fertilizer applicator," he said. He's expecting to drop $40,000 on one and venders aren't complaining.

Fendt brand manager Reid Hamre said the Fendt model 930 tractor has 330 engine horse power. Consider the brand the Mercedes Benz of tractors at $250,000 -- and they're selling.

"Farmers have been buying a lot of new equipment," Hamre said. "We've seen many examples industry wide and in our individual company experience."

Some farmers are taking advantage of the recent up tick. 

"It's been pretty easy to make money, I guess I should say," Jere Scherman, a corn and soybean farmer said.

That's because last year, farms were expected to produced more corn and soybeans than ever before with corn expected to break a record at almost 14 billion bushels.

"Last four years have been the best in my lifetime, and I've been at this for 40 years," Scherman said.

The 49th National Farm Machinery Show and 46th Championship Tractor Pull runs daily from 9 a.m. to 6 p.m.  until Saturday, February 15. For more information, click here.

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