THIS^^^^^^^!!!!!!!!!!!!. THIS is how bubbles are created and how bubbles burst!!!!! I am NOT saying it will happen or when or to what degree. But in general - this is the business model & economics that set things up to go “poof” - “we have problems”. & yes, however u wanna spin it …. IF IF IF we had a situation where corn goes back to $4-5 & beans $10 …. That bubble IS bursting. How many folks weather it is the ? Paid off land- no problem & based on that article- the paid for land will have no real issue. But the other folks: High debt & payments- YIKES! No predictions but I’d think along lines of “cautious”
& remember folks…. Any time a market gets in real trouble…. It’s not because “all people screwed up or are screwed”. It’s usually 5% that causes it. Think 2008 housing crisis where it was around that 5% that couldn’t pay. If 5% of farmers have serious trouble because costs are so high & profits too low- that absolutely throws a bomb into the mix for prices. The wealthy guys get spooked during those periods as well. To say it couldn’t come would be naive IMO.
