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The trap has been set.
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Clay SEIA
Posted 11/7/2015 23:23 (#4883675 - in reply to #4882976)
Subject: RE: The trap has been set.



earp - 11/7/2015 16:53
190xt - 11/7/2015 10:48
Wicksfield - 11/7/2015 07:31 Banker friend of mine told me 8 out of his 40 customers were in trouble this year. That's 20%. Really? I think that's a high number for the first year of low prices. Will he add another 20% to that next year?
This is year 2 of low prices.
obviously, you haven't been farming long if you think the last two years have been low prices......:(


Well, that depends on your perspective.  I haven't been farming as long as some here, but I remember grain prices at half of today's.  I also remember 75 cent diesel fuel, $130 potash, $200 NH3,  and being able to put new tires on a pickup for 400 bucks.  Sub-$4 corn would be just fine if the "trap was set" for all of that other stuff to come in line with reality.  

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