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North Central Kansas | The difference about now and the 80's is night and day. In the 80's the price of grain was cheap. The high prices had peaked in the 70's. The interest rates were through the roof. Interest rates to day are at historic low levels. These guys are failing with the grain prices at all time highs and cheap interest rates. What will it be like when grain prices tank and interest rates move back up?
As far as the lenders go, someone didn't do a very good job on their due dilligence! I wonder if they ever were out to the farm and did a visual inspection to make sure it was all there.
Once a lender gets in that deep they really have no choice. They are married to them until the end and they stay married until the divorce (bankruptcy).
Edited by kstate90 12/5/2012 07:35
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Anyone listed in Stamp Farms Bankruptcy
