Signing another note

[Herefordcross]

Have no other choice but to borrow more money to keep this place going. Don't know what else to do. Illness a couple years ago, took on outside work to keep it going, that work is slowed down now, health insurance is through the roof, terrible year last year, no rain, and it's getting dry again this year, I feel like I am going to run into a brick wall very shortly. Not crying, just venting.

 

[VanC]

Yeah. It's real hard for the average guy to get ahead of the game these days, but then I suppose it's always been that way. Sometimes I feel like I'm trying to swim upstream with a log tied to my ankles. Don't know what to tell you except just keep plugging away and always count your blessings.

 

[andybob]

To keep ahead these days, we need to look into diversifying in order to bring in the extra income needed to keep the farm out of the red. A high turnover stock enterprise, or a niche market can often make the difference.

 

[rkm]

I'm poor one to give advise, but I'm going to anyway. Don't do it. I don't know anything about your business but try to find another answer. I know they use this as a short smart answer, but it makes sense, "If your in a hole stop digging". I hope everything works out for you. Good luck.

 

[skyeagle]

Some times you just don't need the the new truck. stop buying
anything big till you get it sorted out.life Can be un fare at times

 

[Lammie]

I dont think it's just farmers, it's everyone these days. I keep hearing about the economy getting better, but prices for fuel are so high, which makes everything else so high. Even if you live a no-frills lifestyle, like I always have, it can be tough to make it sometimes. We just plug along and try to enjoy our blessings in life.

 

[Carlos D.]

TWENTY SOME YEARS AGO I WENT BROKE WITH HOGS;-PHONED THE BANKER UP AND TOLD HIM IF HE KNEW SO MUCH HE COULD FEED THESE DAMN PIGS.(THAT FELT GOOD AT THE TIME)----BUT I MOVED TO THE CITY AND BECAME A CONTRACTOR --AND HATED IT ,THERE WAS NOTHING THERE THAT I WANTED ;THEY COULD HAVE GIVEN ME THE BIGGEST HOUSE .POOL .CAR, OR WHATEVER THOSE CITY FOLKS THRIVE ON .I LASTED 8 YEARS --GOT ENOUGH MONEY TOGETHER TO BUY 320 ACRES--SO MY ADVICE IS HANG ON DOWN SIZE IF YOU HAVE TOO. BUT THE OTHER SIDE OF THE FENCE CAN BE WORSE

CARL

 

[mitchwi]

I dont think it's just farmers, it's everyone these days. I keep hearing about the economy getting better, but prices for fuel are so high, which makes everything else so high. Even if you live a no-frills lifestyle, like I always have, it can be tough to make it sometimes. We just plug along and try to enjoy our blessings in life.

You have hit the nail on the head!! I had this exact discussion with my husband within the last month.... $ on gas has darn near doubled, $ on groceries at least a 50% increase, etc, etc..

Within the last couple of weeks, I have had no less than 5 exact conversations with clients who are owners of companies... doesnt matter what industry they are in... EXACT same conversation... the $$ is shrinking SIGNIFICANTLY!

 

[Bullbuyer]

I dont think it's just farmers, it's everyone these days. I keep hearing about the economy getting better, but prices for fuel are so high, which makes everything else so high. Even if you live a no-frills lifestyle, like I always have, it can be tough to make it sometimes. We just plug along and try to enjoy our blessings in life.

You have hit the nail on the head!! I had this exact discussion with my husband within the last month.... $ on gas has darn near doubled, $ on groceries at least a 50% increase, etc, etc..

Within the last couple of weeks, I have had no less than 5 exact conversations with clients who are owners of companies... doesnt matter what industry they are in... EXACT same conversation... the $$ is shrinking SIGNIFICANTLY!

Amen ! I live in one of the poorest states and we've got some of the highest fuel. Gas is 2.89 and diesel is 2.95. - has a big impact on bottom line. The trailer stays at home unless we really need it at the stockyards.

 

[cmjust0]

You have hit the nail on the head!! I had this exact discussion with my husband within the last month.... $ on gas has darn near doubled, $ on groceries at least a 50% increase, etc, etc..

Within the last couple of weeks, I have had no less than 5 exact conversations with clients who are owners of companies... doesnt matter what industry they are in... EXACT same conversation... the $$ is shrinking SIGNIFICANTLY!

And yet, the CPI comes out yesterday and shows that we're at about 2.3% inflation for the year.. Amazing what they can do with numbers, isn't it? :roll:

The bottom line is that there are WAY too many dollars in circulation right now, and they're starting to lose their value on the global market.. If the Fed increases interest rates to curb inflation, they kill the stock market and equity investments will hemhorrage... If they pause rate hikes, the dollar falls and our dollars bleed to death -- albeit generally more slowly than stocks... Seems like they're trying to strike a balance with these 1/4pt increases.. They know these small increases only slow the rate at which the dollar bleeds, but they know the stock market can take them in stride...

In other words, they're not trying to save the dollar -- they're just trying to bleed it out slowly enough that it doesn't crash, and without stalling economic activity. It's got to keep bleeding though, which means things are going to get more and more expensive.. Our standard of living is going to continue dropping, while the standard of living in China, Russia, Brazil, India, and other 'emerging markets' rises...

We can only hope that they rise faster than we fall, because we're all GONNA equalize somewhere -- thanks to a "global economy." Hard times are coming for Americans, I'm afraid.. How soon and how hard is anybody's guess, but they're coming nonetheless.