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southern MN | It often was the banks pushing the loans, more so than the farmers breaking down the doors demanding bigger loans...... I’d say your book is written by/for bankers? Anyhow, a bit more middle ground.
I think the 1930s was about weather beyond our control blowing up the farm world.
I think the 1980s was about financial crisis outside of ag blowing up the farm world. (Ironically, the drought of 1988 was the biggest help to getting out of this crisis.)
The near future farm crisis will likely be a social engineering crisis, where the common man will follow the fat cats directives to forcibly change farming for the better. Those in farming once again won’t really have any choice but to get rolled over by something outside their control.
Paul | |
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Thinking about ag economy
