No, I did not see it till you pointed it out. I know from talking to guys in years gone by that the banks often required certain customers who lacked in collateral relative to the operating loan to take out crop insurance even if it was the catastrophic 50% 500 dollar premium per crop unlimited acres. I am thinking once commodity prices recede from their historical highs that certain farmers will not be able to budget a huge increase in operating expense. Nobody knows for sure what will happen but there are guesses that unsubsidized costs for something on the order of 70 percent coverage may run in the neighborhood of 80 to 100 dollars an acre or more. I know JD Seller was on his bank's loan committee so I don't know if he or somebody else can comment.
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Today's Featured Article - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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