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Buxton ND | "a great deal of pain is coming for those with the highly levered balance sheets and debt"
And this effects the markets for EVERYONE. If your highly levered you've got a banker that's chanting I WANT MONEY. How many more producers will need to be or forced to be cashed in on grains (ALL) by year ends ? ? ? Lots of payments on paint due by years end, remember that paint lots bought to "buy their way out of tax's" when producers were "Flush with Cash" Been awhile since we heard that comment,,, its probably going to be replaced by "flush with payment" End users have not forgotten how to use producer cash for needs against us guys.....
We have a new generation of producers that will feel the pain as they learn "YOU CAN NOT BUY YOUR WAY OUT OF TAX'S" And as some learned from the 1980's you can't fill bankruptcy on them either.....
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Torrington, WY ethanol plant going dark..
