Clay SEIA - 11/7/2015 22:23
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.
The trap has been set.
