jd8850 - 8/1/2024 10:21
There are some lean days coming. But to compare this to the 80s is totally ludicrous.
It's been hashed and rehashed 1000 times and not worth the energy to even discuss.
99% of the farmers cd sell out and retire today. Not so in the 80s with negative net worths.
And yes I survived it with a 0 net worth.
Baloney. This is exactly how the 80s were without the 18% interest. Explain how my comment is " ludicrous "?. Give me your explanation how it's different? A little bit overleveraged in equipment and land with high inflation and the fed trying to stem the inflation with interest rates. Low commodity prices with not a bright outlook.This was exactly how that mess started. Very difficult time. Then throw in the political aspect of all this with russia/Ukraine. Remember Jimmy carter?grain embargo? How can you say this current farm climate does not mimick that? It was f-ING awful. I had a neighbor hang himself over this. You are dreaming if the current situation isn't similar. Farm debt in 1983 - $215 billion. Today $535 billion. (Farm progress archives)
Edited by AGB 8/1/2024 13:43
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Kinze layoffs
