I just got off the phone with my neighbor.. “how much 3rd party risk are you exposed to?”

well this guy still owes me for custom work..
A cattle guy thought he was solid.. maybe “not so much..?.
Grain retailer going BK may take a few out.. 

https://www.dtnpf.com/agriculture/web/ag/news/business-inputs/article/2025/11/17/hansen-mueller-files-chapter-11-owes

I don’t know.. probably.. 3.. 4.. 5 guys going down.. how many do they take with them?

Guys in the Cornbelt.. don’t have a clue.. after 4.. 5 years of drought. Did Corn rust take your yields to zero??  Because we had several fields that were goose eggs.. coupled with sky high input costs..  now the cattle bust.. and not getting paid on a crop delivered.. plus throw in a landlord or 2 dieing.. with an estate sale..

THEN you got the 1980s.  Or worse.