This has been coming for some time... last year it seemed like EVERYONE was looking to buy bull calves- some who had never raised a calf before. It reminded me a bit of the stock market it in about '98 or '99.
This too shall pass. Wasn't it Joseph in the old testament who interpreted pharoh's dream- one of 7 fat cows, and 7 thin cows??? I think ag is about 2 years into the thin cow part.
I don't completely agree with your economy view... to me, it seems like those with money the past 8 years haven't been the service part of the economy; instead, that was more the late 90's early 2000s. Since 2008 it is production industries, ag and oil (or just energy) to name two that drove the economy since 2008. Now both of those are sucking wind for a while. Prior to that, in the early 2000's, the only production industry making good money was home building- witness the rise of Home Depot, Lowes, etc. It turned out to be a somewhat false economy, as many of those homes weren't financed with earnings, but debt. And we know where that got us.
either way, if we want to be one of the survivors, we need to buckle down. I'm curious, will you put less cattle on feed???
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