Posted by Greg1959 on March 20, 2019 at 11:04:00 from (50.38.96.6):
"In Kentucky, Montana and Florida, operators at Farm Aid�s hotline have seen a doubling of contacts for everything from financial counseling to crisis assistance. In Wisconsin, Dale Meyer has started holding monthly forums in the basement of his Loganville church following the suicide of a fellow parishioner, a farmer who�d fallen on hard times. In Minnesota, rural counselor Ted Matthews says he�s getting more and more calls.
�Can you imagine doing your job and having your boss say �well you know things are bad this year, so not only are we not going to pay you, but you owe us�,� Matthews said by telephone. �That�s what�s happened with farmers.��
Glutted grain markets have sparked a years-long price slump made worse by a trade war with top buyer China. As their revenues decline, farmers have piled on record debt -- to the tune of $427 billion. The industry�s debt-to-income ratio is the highest since the mid 1980s, when Willie Nelson, Neil Young and John Mellencamp organized the first Farm Aid concert."
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Today's Featured Article - New Life for an Old Allis - by Tyler Woods. My friend Jon, has an old '39 Allis Chalmers B. He thought it a marginal tractor that had long since served its time. She smoked terribly and never had much power but he couldn't afford another so he was limping along with what he had. Jon's Allis has a small front loader and though it doesn't carry much, it serves his needs. It was the hard starting and low power that made him think it was time to replace the old girl. Jon called me to help him discover why his tractor wouldn't start
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