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<blockquote data-quote="Oldtimer" data-source="post: 581772" data-attributes="member: 97"><p>I took this off another site- and this was kind of what I was wondering-- if any had heard how this is effecting feedlots- that run on a lot of borrowed money? As I know some in this state, anyway, actually have in the past had a lot of cattle owned by investors...I know one lot that has 40 different branding irons hanging on the wall- depending upon the financing/ownership set up with the cattle- and that doesn't include the retained ownership...</p><p></p><p>This and the fact that the country buyers are not being seen much- and when seen are offering less than they did 2-3 months ago made me wonder how tough tight money in these big lending outfits was going to effect the cattle industry....</p><p></p><p>Old Pat Goggins has been saying we need a good old fashioned Depression to get this country straightened out- and he may get it.... ;-) <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite3" alt=":(" title="Frown :(" loading="lazy" data-shortname=":(" /></p></blockquote><p></p>
[QUOTE="Oldtimer, post: 581772, member: 97"] I took this off another site- and this was kind of what I was wondering-- if any had heard how this is effecting feedlots- that run on a lot of borrowed money? As I know some in this state, anyway, actually have in the past had a lot of cattle owned by investors...I know one lot that has 40 different branding irons hanging on the wall- depending upon the financing/ownership set up with the cattle- and that doesn't include the retained ownership... This and the fact that the country buyers are not being seen much- and when seen are offering less than they did 2-3 months ago made me wonder how tough tight money in these big lending outfits was going to effect the cattle industry.... Old Pat Goggins has been saying we need a good old fashioned Depression to get this country straightened out- and he may get it.... ;-) :( [/QUOTE]
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