Bummer - and it won’t end there. Sad to see America fall down like this.
hmm. those who play by the rules arent affected.
I recall farms in trouble after the Carter years. I lived in an area where some went bankrupt or foreclosed. One of the reasons was that the US dept of Agri taught farmers how to “hedge the inflation.” - get loans on the spiraling upward inflation whereby they bought more and fancy equipment than they needed. When Reagan came in and inflation was checked, they lost their shirt (and a lot more)
The other problem according to the business community, was that quite a few farmers in trouble suffered from poor farm management skills. Two like farms, one well managed and doing well. Down the road the farmer went under - poor management, including wasteful spending - down the tubes.
I wonder if some of these farms in trouble today are following suit.