2014 operating

[GOODRUM]

Anyone have an idea on the accounts not paid ?
Or am I the only one?

[freewheat]

No way of knowing, really, is there?

[GOODRUM]

Must be only me, that is the impression I was getting.

[freewheat]

I am not following you very well, I guess. You figure there are a lot of guys on the edge of trouble?

Because if so, I would agree...

[GOODRUM]

Yea sorry free wheat , that's what I'm saying.

[blackpowder]

Farmers traditionally may well be asset rich and cash, or management poor. That won't change in a hurry.
Revolving loans that aren't turning and have no more equity secure? That will take another year. Or much longer in some areas as they are still paying $125/ac rents here.
To answer your question with sincerity Goodrum, as we are anonymous I'll say I'm one wreck from insolvency. Two wrecks from bankruptcy.

[freewheat]

I am on the edge of trouble, and hardly have any iron payments, just some bins. I am not certain how guys with big new iron are able to keep out of the pit. It is not like they are growing better crops than me, or whatever.

Is it a big fat facade? I dunno, and I don't really care.

Honestly, it has got to be quite bad I would assume, but like ag-stability payments, I doubt many will be up front and admit to struggling a bit to keep on top of things.

[GOODRUM]

If there wasn't the rise in land values and we all relied on the cash flow generated from grain sales the last couple years (east side anyway) there would be a lot more unrevolved accounts

[hobbyfrmr]

Im kind of like blackpowder. Even when its going "fair to good", it seems like i am never that far from financial difficulty. I think im just getting older and more risk adverse.
I do think some people have this inherent fear of "losing" the farm where others regard the farming as a business and leave emotions out of their decisions. They buy land and machines and use their equity as currency. They watch the weather, interest rates, machinery trade off and land values.plus they must make a heck of a pile of cash with their yeilds. Some very astute managers around here.

[fjlip]

LOL, all of us are nobodies! Just drove through Jay Dee Humboldt, saw the TWO 70' or so, Bourgault HF drills and 7950 tanks traded after ONE year for Seed Hawks.
Some farmers know how to f*ck the system obviously!
What the hell are we doing wrong???

[blackpowder]

Kinda like a bunch of kids on a hay rack. Hit a frozen turd and the weak ones fall off. In the commodity game every bump creates a leap in the economy of scale. Ten years and there'll only be ten operations left here. Chillax and go along for the ride.

[GOODRUM]

Fjlip maybe that's it! I don't have a drill payment,
The missing link!