If you are in farming like I am, I will be it's victim in 2005. I plan on not purchasing the $5,000 of seed to plant, the $6,000 fertilizer, and idling my paid for equipment as well as return leased equipment.
On a good year farming, income might be 10% of expenses.
This will force me to rent my broken ground to a corporate grain interest, cull most of my livestock, and wait until tax laws change before farming resumes.