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SW Iowa | Farming is crashing fast. Tom F. is always bearish, but what is happening in ag with difference between grain prices vs inputs incl land and machinery just won't work. The only thing sort of keeping up with the deflation in the grain markets is fuel. Everything else is way out of whack. A couple more years of this and only those that have it all paid for w/o debt will be left. We are headed for the bottom, and take out ethanol, it will crash in 12 months. | |
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Market to market with Tom P
