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Hooker Twp,Ne | Loss of equity, ( machinery and land was worth less by the month), high interest, banks going insolvent, bank examiners standing on every bank corner, and a crop ins program at the time not worth much,and the 70s and if you where still warm you could borrow money, is what broke the 80s. 90s new crop ins program came along, most guys where cautious after going thru the 80s, would of been time to stick neck out if you could find willing banker. | |
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