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Southeast Colorado | Low interest rates have little to do with this. All low interest has done is drive up the other costs. The end result of a $1000 borrowed at 5% is the same as $500 borrowed at 20%. Current farming is closer to my first example and expenses will either have to adjust down or the value of our crops need to adjust up. And for those who say we should have stockpiled during the good times...........4 inches of annual rain from 2011 through 2014 kind of got in the way of that plan for me. Things look better today............but only because Mother Nature has been blessing us..............I don't take much credit for that.
Edited by tmrand 10/23/2017 09:24
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$$$ are going to be way short this year.
