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sc ks | If COP is on average below cash prices and a loc customer is paying 8-9% interest then math says most farms will lose $ and have to burn equity to pay a loan to zero else term it out and bleed more interest. So I don't see how this statement is so hyperbolic. 75% of loans won't go unpaid because they wouldn't have gotten the loan in the first place if 1 bad year would drive them to insolvency. Bankers are not stupid. These crappy years are just part of farming. It's certainly not for everyone.
Edited by dogg4585 8/20/2024 22:23
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Farm loans
