northmofarm - 1/23/2015 08:23
The only young ones who made through the 80s had very well healed parents and took a good job in town to make ends meet. This is no where near the 80s yet. Crop insurance and record low interest rates still help a bunch.
ding ding ding You win. In 78-80 interest was running 18%-19% How would you like to borrow $100K to operate on and have to pay back $120K at the end of the year? That would kill even the most healed farmer out there today. |