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southern MN | I agree with I think the general sentiment so far.
Farming is a roller coaster of input and output pricing.
We are supposed to manage that. And have some preparation for downturns.
That core business principle seems to get lost.
Most of us expected dire consequences when that global virus hit. instead there was global financial maneuvering to offset the issues. Turns out people keep eating even during global crisis, and with a lot of unexpected free money the ag markets wildly outperformed what we thought might happen.
That bubble is retracting finally as all bubbles do, at the same time grain production is ahead of average.lower demand and expected higher production, markets do what markets do.
Either we get more massive govt handouts or we curb our spending spree for a time. Both ‘solutions’ will cause more rollercoaster peaks and valleys into the future.
And so the rollercoaster ride continues.
Paul | |
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rise of farm bankruptcies due to trade war???
