Farmers are an Optimistic Bunch of folks. However...Banks are getting Nervous...even though Farmers are working hard...because profit margins are almost all in the Red...and Banks are getting ready to pull in the reins on marginal farms! Or so they say!
A great article is attached below from the Progressive Farmer website (a great site to follow farming). In the article, the author mostly concentrates on Illinois farmers.
When you read the article...simply read your own states name wherever it says Illinois and you will pretty much get the same drift of what is happening in Your Neck of the Woods!
https://www.dtnpf.com/ Farmers Confront Tight or Non existent Profits
There are a few things I disagree with in the article's comments...one in particular is that the owner may end up without a tenant at the start of the 2017 crop season if they do not drastically cut rents. I do not believe that at all as the pressure is high with farmers looking for more land.
One final thought is from a Farmer friend that my wife and I bumped into at a restaurant last week.
I asked him if he was nervous with the low crop prices.
He said, "Mike, It is all about the size of the yield...not the price per bushel. If we hit our targets on yields, we will be okay." As we walked to our Suburban my wife said, "wow...he is pretty optimistic."
I replied..."well, he is a Farmer!"
Until next time...
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