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Can anybody tell me about the PIK program in the 1980's?
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JC STONE
Posted 7/9/2018 13:00 (#6859040 - in reply to #6859015)
Subject: RE: Can anybody tell me about the PIK program in the 1980's?


I can't remember all the details. I know we idled a bunch of ground and got paid pretty decent for it. Your corn base back then was golden. Some merchants were paying a premium for certs which allowed you to pay off bu that were in the govt loan program I believe. So you were paying off a 2 dollar loan with a 1 in certs.
They were trying to clear the reserve corn out storage. Every nook and cranny was filled with corn. Lot of different angles if you were storing corn.
Tough times they were
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