Posted 8/31/2017 21:14 (#6221738 - in reply to #6221689) Subject: RE: Low Corn prices starting to take its toll on Big Farms
South Central Iowa
Well, that extra $100 would give them the $8 million necessary to put them up to the $50 million.
I will never understand how people get multi-million dollar operating notes without hard real-estate backing for collateral. It sounds like these people didn't even have the far less secure equipment backing.
1,000 acre farmers blowfished up to 80,000.... wow... The creditors are as much to blame for lending in such an unsecured way.
Low Corn prices starting to take its toll on Big Farms
