Posted by JD Seller on November 16, 2014 at 14:06:07 from (208.126.198.123):
In Reply to: Farm economy posted by kickinbull on November 16, 2014 at 13:34:56:
Well I personally know several dairy farmers that where losing over 100K per month a few years ago when feed costs where sky high and milk prices had not kept up.
It is going to take them years of good prices to recover to where they were. Many will not make it.
The one fellow has a 800 cow herd. He was debt free 5 years ago. Now he owns as much as he did when he bought the farm. The trouble is he is 60 years old not 30.
The beef cow rangers have had the same issue with high replacement cost and feed/equipment cost through the roof. Also high grain prices drove up land cost even for pasture ground.
There is going to be a recovery time before many livestock farmers are able to UPDATE things.
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