Anyone follow American Bulls?
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Do you guys have any investments outside of the farm?
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You mean in the early eighties it was a "tough" call on
making 18teenish percent on bonds?
Or buying gold at 375?
Not tough at all.
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Cotton?? What market forces caused bonds to produce 18 percent in them years, I guess its matching interest rates. Was the market able to handle them interest rates, many farmers went broke them days or did not go broke as they had more money borrowed that no one else would farm the land taking over the loans. I remember one of the local characters from days past saying that the bank will never forclose on him cause he has too much money borrowed, actually was a true situation. The bonds of them days were they secure? Or were a lot of them declared worthless? I don't know just asking, trying to learn.
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Hopperbin: By reading between the lines, I think it may have been a Christmas card/letter with a picture of Cottonpicken's 3 kids in it. I would have to agree with Parsley, an investment in our children is the best investment we could ever make.
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