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<blockquote data-quote="TexasBred" data-source="post: 694710" data-attributes="member: 6897"><p>GMN the Stephenville, Texas area literally "lives and dies" by the dairy industry. Bankers have worked with dairymen for generations and know each other on a first name basis. These are old style country bankers and they have absolutely nothing to gain by foreclosing on real estate or calling notes on cattle etc. It's business and the banks will most likely take a big loss on the notes but prolonging it isn't going to cure the situation......I can assure you they've probably worked as hard WITH these dairies as they have with anyone but when regulators and/or boards of directors say enough is enough you just have to hope the dairyman (who may be your next door neighbor or son) understands. And most will. I feel for the dairymen but as a former banker and former dairyman I have seen both sides of the picture and neither side will be smiling much afterward.</p></blockquote><p></p>
[QUOTE="TexasBred, post: 694710, member: 6897"] GMN the Stephenville, Texas area literally "lives and dies" by the dairy industry. Bankers have worked with dairymen for generations and know each other on a first name basis. These are old style country bankers and they have absolutely nothing to gain by foreclosing on real estate or calling notes on cattle etc. It's business and the banks will most likely take a big loss on the notes but prolonging it isn't going to cure the situation......I can assure you they've probably worked as hard WITH these dairies as they have with anyone but when regulators and/or boards of directors say enough is enough you just have to hope the dairyman (who may be your next door neighbor or son) understands. And most will. I feel for the dairymen but as a former banker and former dairyman I have seen both sides of the picture and neither side will be smiling much afterward. [/QUOTE]
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