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Coffee Shop
Just A Thought
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<blockquote data-quote="john250" data-source="post: 580178" data-attributes="member: 4406"><p>Depends on whether you have a "corn, wheat, cotton base" or not. </p><p>That's a smartass answer, I don't mean to belittle your question, because we are all concerned. </p><p>Having been through the ag depression of the early 80's, with scars to show, I am a wee bit nervous. That ag depression occurred while the rest of the economy boomed. </p><p>Today, we could see the ag economy and the general economy tank at the same time. I hope not, and I think not but the fortune cookie ain't promising. </p><p>Grain markets are headed lower, at the same pace as oil. That is going to mean a world of hurt for folks who have most of $5/bu of corn invested.</p><p>Cattle feeders, (my customers) are staggering already. They may benefit from <<cheap>> $5 corn. But a fat steer still needs to bring a lot more money than he does today. And a credit crunch may be the straw which breaks a lot of them. </p><p>Is there going to be a "black Friday" moment here. Or is this just going to dribble out a little at a time. </p><p>In the 80's, Jimmy Carter's soybean embargo was the trigger. Don't get me started. </p><p>I mostly fear something like Richard Nixon's price controls on beef. That collapsed the cattle business for several years. </p><p>I'm a lot happier with my position now than I was then. But I have learned that when the neighbors have financial trouble, it soon spreads.</p></blockquote><p></p>
[QUOTE="john250, post: 580178, member: 4406"] Depends on whether you have a "corn, wheat, cotton base" or not. That's a smartass answer, I don't mean to belittle your question, because we are all concerned. Having been through the ag depression of the early 80's, with scars to show, I am a wee bit nervous. That ag depression occurred while the rest of the economy boomed. Today, we could see the ag economy and the general economy tank at the same time. I hope not, and I think not but the fortune cookie ain't promising. Grain markets are headed lower, at the same pace as oil. That is going to mean a world of hurt for folks who have most of $5/bu of corn invested. Cattle feeders, (my customers) are staggering already. They may benefit from <<cheap>> $5 corn. But a fat steer still needs to bring a lot more money than he does today. And a credit crunch may be the straw which breaks a lot of them. Is there going to be a "black Friday" moment here. Or is this just going to dribble out a little at a time. In the 80's, Jimmy Carter's soybean embargo was the trigger. Don't get me started. I mostly fear something like Richard Nixon's price controls on beef. That collapsed the cattle business for several years. I'm a lot happier with my position now than I was then. But I have learned that when the neighbors have financial trouble, it soon spreads. [/QUOTE]
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