Originally posted by caseih
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They just have to sell, no matter the price. Rental payments, no equity and rolling leases coming due all the time. Many of my BTO neighbors are filling and emptying bags at the same time at harvest.
Any BTO should be able to get a couple million dollar line of credit shouldnt they? Park expenses for 6 months. I mean interest rates are 2.5%. Thats peanuts to service until spring.
Then there is another group working to take leverage over the market where they can. I was on some guys farm this summer who had been storing durum for 5 yrs. tax problem? maybe.
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