west central ohio | JC STONE - 1/21/2024 21:25
Interest rates were 20% on operating notes. Throw in a couple dry years with no crop insurance back then and I was brutal
I can see that as being a factor. The flip side for that vs today is even if interest rates are 8% People were not financing nearly as much back then, say a note on a combine was 20% on $100k combine, but today that similar combine will be 3-5 times that amount, effectively making 8% calculate out more like 24% |
1986?
