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WC MN | You keep talking about this like everyone is using 2012 numbers on their balance sheets. I'm quite confident any banker worth his salt has been adjusting and in many cases never adjusted the value of the land up much.
Cash flow will be biggest issue. If you can reasonably cash flow your farm then you should be in good shape. Those that can't may be forced to liquid some and get their family living expenses in order (the extras, not insurance, food, necessities, etc.)
There will be some that go down but not as many as it sounds like people like you are hoping for. | |
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The Week in a Picture - Beans
