Who wants to be SF3s neighbor? BTO?

[Oliver88]

The same thing happened in this area. Some farmers worked through the their debt and paid the interest.,some farmers just gave in and handed the land over to lenders. The last bunch went to the review board renegotiated to rent it back from lenders for 6 (?) years. They paid as little rent , sometimes no rent. The land went for sale and the farmer had the first right of refusal. He then bought it for a 50% discount from his original purchase price. Win win. Bring on new machinery and a positive attitude like you are the best manager around.

This was a very unfortunate thing that happened and it rewarded those who spent money careless...another example of the government getting in the way where they shouldn't.

Farm debt review board wasn't a fair process and the big spending farmer shouldn't have had the first right of refusal.

I'm not sure what % of those who received a large write down on debt ended up going bankrupt again and how many are still farming today? It would be an interesting statistic.

[sumdumguy]

Inputs and 'necessary" equipment have become so rediculous. It's not the way we survived our 32 years. When you start with $700 and have to sell a bin off the yard to pay the lawyer, you learn to farm within your means. Guess changing times make changing ownership. Knocking themselves out to do what? Produce more for less! Borrow more money - its cheap, but life isn't, its precious short.