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Swaledale, IA | My guess would be a pretty high percentage. Any that do not own all their land and equipment for sure. Might be some new ones with the price of seed and fertilizer jumping more than I think most thought it would this quickly. If I had to guess in my area over 60 to 80%. Also depends on what you consider an operating note. I consider it needing or wanting to use interest either through loan or from a seller to cover expenses through the year till commodity is sold. Not just through a bank. | |
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% of farms with an operating note
