do they mean depression?

[jensend]

The bailout will only be a temporary fix.

Laughed my ass off today when I heard the next move is to lower intrest rates. Yeah lowering intrest rates is going to fix the problem.

Anyone pull up a an John Deere chart, or Agco chart lately?? Local dealers are sold out of combines for 09. Might be a good time to be putting some money in machinery. LOL!!

[agstar77]

One of the problems in the U.S. is the lack of available credit for consumer loans. e.g. cars. I wonder if this has spread to the Ag sector and if anyone knows how much credit is needed to put in the U.S. crop. Not to mention financing new combines and tractors. I suggest there will be no shortage of equipment if you have cash.

[jensend]

i've read that some calf sales in montana were cancelled because buyers can't get financing so can't buy feeders. the article in the globe and mail this morning saying that the crunch is showing up in canada is not encouraging. it's going to affect all of us one way or another.

[furrowtickler]

I agree with you on that one agstar. The value of one's grain/oilseed inventory has been dropping daily as well - this may have big ramifications for these future purchases.