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East Central SD | I lived thru the 80's also and what you say is true. Heard FIL talk to another old fellow and asked if he got any money in on the high rate of interest. He mentioned that he was getting 16.5%. I mentioned that I got some too, but at 19%. There eyebrows raised, and I said that is what I am paying on my loan. Difference between now and 80's is living expenses as mentioned in the thread Agtalk Café. http://talk.newagtalk.com/forums/thread-view.asp?tid=611540&mid=510... This is what will put the squeeze on young farmers with families and leveraged middle age farmers. | |
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A major difference between now and the 80's
