Posted 12/21/2024 19:30 (#11020560 - in reply to #11020445) Subject: RE: Farming, government payments and return on equity
I heard from my banker it’s up there with some of the worst he’s seen. He’s been doing it 35 years. If you lived thru 80’s and were a banker aged 35 years old, so pretty young to be loaning farmers money, you’d be pushing 70 years old. I don’t know any 70 year old bankers. They get pushed out the door at 65.
I bet in the 80’s there were some pretty old timers saying “you think this is bad? Pa had to move the family off the farm in 1930’s because things got so bad”