'drought/ethanol' runup you refer to, but any little hiccups in the ag economy we've had the last 10-12 years will be pale in comparison to
what will take place with higher interest rates and exorbitant input inflation we've experienced the last few years. Couple that with high principal 
payments on high priced land and some are gonna really get in trouble. Will all fail? Hell no, but the ones that will, will fail big. So many think 
there are multiples of operations just sitting on large amounts of cash. I call bs. Look at the machinery, shops, houses, boats, harley's, ect. Buy
 one 80 at 30 grand/acre and deplete the savings account with the swipe of the pen. Are farmers in general in better shape than 40 years ago?
you bet, but much of it is on paper and paper 'aint pay the bills'. jmo