Posted 4/6/2021 23:07 (#8937331 - in reply to #8937134) Subject: RE: Thinking about ag economy
paul the original - 4/6/2021 21:11
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.
Those are good thoughts.
We don’t know.
Because we don’t know what influence will take shape.
What happened in the trucking industry is the understanding how to go public and sell bonds on the open market.
That’s where things got interesting.
A lot will disagree with me until they look closely at the mega carriers that came into existence because of financing.
If and when farming turns that direction.
It’s being done but remember there’s always a bigger fish.
Poor side track. Underqalified and under paid.
Think of the ones that got rich off the 80’s.
It’s all not one sided.
We need to keep good new tech going and the industries that surround that.
Big fish get involved talking raising millions with little recourse.