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Posts: 24
Registered: ‎05-17-2010
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Re: Do guys go broke anymore

that educating the lender!  it is very tough to get to know every farm.  There are so many different ways on a farm to do the same thing.

 

i dont think the housing will become a problem for the FC system.  more likely loss is the large ag-related business loans (i.e. hog processing, dairy plants, ethanol, wind energy, etc.)  since these industries are outside the normal producer credit FC is used to.  Plus politics could change any industry at this point... scary for all lenders!  example now is BP.  i guess they are done with auto/health.  now they need energy Smiley Happy

 

back to the subject,,,  guys go broke.  Hopefully not mine.  interest rates would be MUCH cheaper if they didnt go broke and there was no fear of it happening.