the uphill battle...
The battle to save family farms in the Midwest hit a fever pitch during the early 1980's recession.Farms were lost by the hundreds weekly and the landscape of farming was changed forever in states like Iowa,where this abandoned farmstead is located.The tripling of interest rates in a matter of a few years put tens of thousands of family farms into bankruptcy.
We may be hitting a new crisis today.Grain prices are roughly half of what they were 2 years ago.Farm operations who had easy access to money when times were good,now find they don't have the equity for all the land and machinery they acquired over the last few years.We personally are sitting on $30k worth of seed that a local farmer doesn't have the money to pay for-he still hasn't put a crop in the ground yet.Tough decisions will have to be made for many because this crop will most likely lose money.What do you do-spend money to lose money?
The uphill battle may be turning into a downward slide for many....
the uphill battle...
The battle to save family farms in the Midwest hit a fever pitch during the early 1980's recession.Farms were lost by the hundreds weekly and the landscape of farming was changed forever in states like Iowa,where this abandoned farmstead is located.The tripling of interest rates in a matter of a few years put tens of thousands of family farms into bankruptcy.
We may be hitting a new crisis today.Grain prices are roughly half of what they were 2 years ago.Farm operations who had easy access to money when times were good,now find they don't have the equity for all the land and machinery they acquired over the last few years.We personally are sitting on $30k worth of seed that a local farmer doesn't have the money to pay for-he still hasn't put a crop in the ground yet.Tough decisions will have to be made for many because this crop will most likely lose money.What do you do-spend money to lose money?
The uphill battle may be turning into a downward slide for many....