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Farmers Working Hard Despite Low Prices and Nervous Bankers!

By
Real Estate Broker/Owner with Mike McCann - Broker, Mach1 Realty Farm & Commercial Land Broker-Auctioneer Serving Nebraska

Farmers are an Optimistic Bunch of folks. Kip Lukasiewicz Farm Howard County Nebraska Mike McCann Broker 2016However...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...

Posted by

 

Mike McCann Nebraska Land Broker This has been Mike McCann...Nebraska Land Broker...Coming to you from the Farm Land of Nebraska and America!! Visit me at www.mikemccann.com to learn more about the agricultural and farm land for sale market. 

Many farms For Sale in Nebraska are not listed publicly...please call, text, or e-mail with your questions, wants, and needs!

Mike is your Ag, Farm, and Auction expert throughout Nebraska!

308-627-3700 and 800-241-3940 call or text me at these numbers or

mike@mikemccann.com for easy e-mail access! Mike McCann Nebraska Land Broker

 

Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Wonderful post Mike McCann - Nebraska Farm Land Broker where would we be without our hard-working (and optimistic) farmers?!!

Aug 28, 2016 01:12 PM
Mike McCann Nebraska Land Broker
Mike McCann - Broker, Mach1 Realty Farm & Commercial Land Broker-Auctioneer Serving Nebraska - Kearney, NE
Farm & Commercial Property For Sale 308-627-3700

HI Lisa Von Domek   Thank you for stopping by.

The farmers...even when complaining...complain in a way that indicatges they will be around farming next year as well!!

Have a great week!!

Aug 29, 2016 01:37 AM