- Oct 12, 2009
- 58,613
- 10,629
- 2,030
We are seeing more operations in threat of being taken over by banks than any time since drought in 2012 caused so much damage. Most operations are one bad year from bankruptcy.
The productivity gains were bought with debt in many cases, lower prices make paying the debt harder. This of course will eventually bring production back in line as marginal farms close. It is called an economic cycle, not Trump economics as the OP moronically suggested.