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North of London | Agree with Tommy.
Around here income HAS been good so most are flush with cash at this time.
That should allow them to scratch through for a year or two even with lower prices,
It is not quite the same as the 80ies because interest is still ridiculously low so borrowed money is not hurting like it did in the 80ies with 20%.
That does not mean some one some where will not get in trouble but it will be more from bad decisions than the 80ies when even the best farmer managers got side swiped if they just committed to something at the wrong time.
The 80ies were tough but some were lucky and just held back a little and others had just bought that land next door for the newly inflated price.
this time we have inflated prices but cheap money, so far. | |
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Anyone hearing a few rumblings in their community
