The old moldboard plow went to the scrap yard a decade ago least around here. Everything here is no till but along with that comes the bug problem.
Richard is correct, row crop farmers cannot really cut back unless the go to fallow fields and there isn't any income in that.
Will be interesting to see what they do this upcoming year. I still maintain that the ones that are over extended will probably bite the bullet. They cannot weather more than one bad year and around here, last year wasn't good. Too much rain. So bad around here that they are taking corn off now or what they can get that hasn't fallen over. Beans weather cold and snow much better than field corn. The stalks get brittle and the roots rot and over they go. Combines cannot pick up corn on the ground. Me, I keep thinking about buying a new tractor or 2 but I'm waiting to see how farm auctions go around here. There are quite a few late model tractors than may wind up on the block and I have the money squirreled away to buy one or more if the price is right.
Brings me to another point and that is, I'm wondering if the current uptick in tractor prices (used, not new) is going to come to an end, at least for the post 4 units. I can see the value increasing on the pre 4 units as there are fewer and fewer available (not made anymore) and well cared for ones are commanding a steep price today.