Posted by LAA on February 09, 2014 at 08:16:00 from (86.51.147.113):
In Reply to: Re: Dairy farmers posted by JD Seller on February 09, 2014 at 06:20:50:
If they are old men now with a lot of debt then it is obvious they got older but failed to get smarter. At no time in human history have agricultural enterprises been able to support long term extensive debt by commodity sales alone, no other commodity dependent business can do it either, oil and gas, coal, timber, all are dependent on cash flow and when prices drop things get tough in a hurry. A value added enterprise is a different thing altogether. It is actually good for the overall market when poor managers go belly up because opportunities are created for others.
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