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I see nothing new - at all
And yes, I've seen it before. And worse. Doesn't mean some farmers who misjudged the cycle won't get hurt. And i'll guess the worrst hurt will be some of the current crop of expanding operations. It's always that way. Many of the smaller operations have off farm income that provide stability. The wheat market of 2007-8 exploded because the new order of low prices at that time completely broke down and was ignored by the experts. That happens too. Global reserves are good but they aren't extraordinary by any means.
And my strategy has been to be prepared for it. Because I HAVE seen it before. The most different thing is that banks are loaning money at very low interests rate which aren't nearly as low as commodity loans. There are quite a few tools to take care of ordinary cash flow issues and ride it out while belt tightening.
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Re: I see nothing new - at all
Sounds like there will be lots of opportunity in the next 5 years if all these farms disolve like the all knowing says.
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Re: I see nothing new - at all
turdypointbuck, I agree.........but I don't want to be the last one to have a farm sale.
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Re: Grain guys
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Re: Grain guys
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Re: Grain guys
Tiger, I hope you never have a sale either! But, if all this so called doom and gloom comes true, I'll be sitting there ready.
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Re: Grain guys
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