My neighbor retired from the pig business last year. He was just getting too old to do the work. He had survived the disaster of 98 by pouring money into his operation from his investments. He rented out the barns but suspects his renter will give it up when the price crashes this fall. The government got the majority of the money when he sold off the pigs. The renter is having a very hard time finding any barley right now.
Now my neighbor tells me he took a real beating in the stock market over the last six months and bailed last week. He watched his assets shrink about 30%! He still farms about 400 acres but he suspects his crops are a writeoff. He is very frustrated and not a happy camper! He says he will sell out, give most of the money to the government, and move to town.
Now my neighbor tells me he took a real beating in the stock market over the last six months and bailed last week. He watched his assets shrink about 30%! He still farms about 400 acres but he suspects his crops are a writeoff. He is very frustrated and not a happy camper! He says he will sell out, give most of the money to the government, and move to town.
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