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Race to the bottom.
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Posted 3/12/2019 06:20 (#7374973 - in reply to #7374949)
Subject: RE: Race to the bottom.

No that wouldn't be much of an opportunity. I am expecting better than that. If a person loads up on crop insurance they should have a decent guarantee of revenue. I didn't bring that up earlier , but as mentioned by others the crop insurance we have available now really changes things. In our area 80 , 83 , 88 , even 91 had short crops with no insurance. With too much debt it was a certain death. Too much debt is too much debt. Todays debt for some of the high leveraged consists of new paint and high cash rents. To me that is different than when people were buying land and watching it rapidly appreciate and then borrowing against it to buy more. All without a crop insurance safety net.
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