I think the q as posed is difficult to answer. for example there could a BTO that is debt free and one across the road that is highly leveraged, that guy will have a near impossible time making debt payments with $3.50 corn. the debt free BTO may be able to ride it out. However, is the premise of the q correct? I think corn has been drifting lower over the past 3 years. Milk is always cyclical, and the price per cwt today is not terribly unusual. One could make the case that yes, cattle price have dropped rather quickly, so "plunge" may be correct.
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Today's Featured Article - The Niagra View Mobile - Powered by a 1959 Ford Tractor - by Mark Massey. In 1959 the Niagara Frontier Transit Inc. of Buffalo, New York designed and built six Viewmobiles for the Niagara Frontier Sightseeing Inc. for use as a sightseeing ride at the Niagara Falls State Park, Niagara Falls, New York, powered by a 1959 Ford 611 Tractor.
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