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| don`t know what the stats would be, depends on situations. there`s hotshots who want to buy buy buy land, but it`s about $5,000 out of their reach, they maybe figure if "that guy that bid against me on the last few sales would only go broke.....". those in that bracket think that $43/acre payment is what`ll keep those $15,000 land buyers from going broke. doubt it, $43/acre doesn`t even cover seed costs.
lenders see a bloodbath coming and wanted it, probably figuring their customers have too much hubris for their own good... "God and bankers look after fools and drunks" :-)
the wise man will quietly take the payment and not squander it. i think there`s possibly more going on that lenders see that many of us in the trenches aren`t aware of just yet.
interesting video:
https://www.youtube.com/watch?v=WDZsSN_BFLs | |
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Does anyone have statistics on how many farmers actually want disaster payments and subsidies?
