Posted by paul on April 11, 2018 at 14:46:28 from (76.77.197.114):
In Reply to: Re: goverment payment posted by 2002sliverado on April 11, 2018 at 13:21:39:
I remember the 80s.
Probably didn't understand it for a decade or two after, but I remember. Everyone covered their rears and headed for the hills, banks were the worst, as they picked winners and losers. As they covered themselves, they called in the good loans so they got money, and wrote off the bad actors who circled right around and went right back into big gambles and big leveraged.
And I remember in ffa, being taught how to figure break even, and talking about 100 year and interest only loans. And wondering why anyone would want to just break even, what crazy things to learn.
In a complicated way, I wonder if insurance and renting stuff isn't the worst enemies of what was once farming and rural community. Now rent and insuring for catastrophic loss is not a bad thing of course, but the combination puts everyone so leveraged out, it becomes easy to walk away from a bad situation. I wonder if those things went too far for our own good.
And farming, like all things, are going to grow and expand and mature. So I'm not anti expansion either, I've added on to the farm twice myself. But pretty conservatively.
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