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Hooker Twp,Ne | I believe we are more in the late 70s and early 80s era. At that time I heard many a time as long as his blood is warm fed land bank and some banks would borrow them money. Now will we go into the mid 80s crisis. In the mid 80s lock in interest wasn’t heard of. At least for me. So if interest goes up and no more lock rates we may. Most farmers during that time had livestock and only sold their wheat and bean crops. Oh and gov payments were much higher during that time frame. But corn prices were below $2. Two things that made me really nervous was Volker and bank examiners. Hopefully something was learned from that time frame but a 50-70% reduction of farmland values would well bring us into a mid to late 80s situation. | |
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So what caused this?
