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| It's been going on for a couple years already. Much publicized BTO from southern Minnesota hung it up couple years ago. Another this past year. Only the very well capitalized outfits are going to last much longer under the status quo. And even then, it's very poor business to burn equity just to keep high rent ground. Those that choose the equity burn route, will soon find themselves in the not-so-well-capitalized category. I have to admit, this thing has been a lot slower to unwind itself than I figured it would. It sure didn't take the used equipment market very long to adjust. Maybe could make the case it has even over adjusted. But adjust it will. I've stated here before that nothing ever has or ever will defy the laws of economics and gravity for very long.
Edited by Boone & Crockett 5/31/2017 06:27
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When does farming react to low prices?
