Posted 10/20/2018 05:35 (#7055831 - in reply to #7055762) Subject: Now take 50% of your land/machinery value
sw ontario
BigcCharlie740 - 10/20/2018 00:17
KBC - 10/19/2018 21:25
Not even close. For starters, triple the interest rate and go from there.
principle is 5x more ....
same situation nothing different
'early '80's combo of decreasing asset values & high interest rates along with 1983 drought & PIK program...livestock guys have missed the big money/profits last 10 yrs.... cash croppers have done really good and even though prices are down some with record yields most places land values/rents will get pushed higher.........ranks post about that era is really true as farms were smaller and when guys bought a second farm it was like doubling your operation and those interest rates made us guys from that time period miss out on some opportunities as never thought interest would stay under 10% for long
Is it the 80's again?
