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No One Important 🪝
@Crop_Ins_Guy
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I drive tractors and check on farmers
Joined January 2023
But the real question is; should this be normalized? Or have the bankers just figured out a way to profit off of farmers ambition and avarice?
I don't think most non-ag people realize that a huge percentage of full-time farmers/ranchers live almost entirely on borrowed money throughout the year. They take out an operating line of credit that pays for living expenses. Interest accrues. Then they hope to have a crop to sell, valuable enough to repay the loan P&I and their other term loans, with a few bucks left over to reinvest in the operation. I'm not sure of another occupation where this is common practice.
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@CBKimbrell Fake news 100%. But the family probably started a go fund me for reasons? So doesn’t really matter what truth is as long as everyone gets theirs
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@CropInsBatman @jzantinge2 You’re not offering this with your farmer update meetings? You are missing out, it’s a hit.
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@Dusty42402999 I don’t know why anyone wants to be controlled by them. The kittel thing pisses me off because we knew since the 80s they act like that but somehow it’s all a brand new problem. Don’t get me started on the whole we need your crop ins because we have your loan
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@GrainStats I would bet a significant amount of money that none of that was true. Theyve lied about so much already
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Don’t you know that trade is awful for us? We need to become a isolated country, that’s what we voted for
The U.S. is facing a third straight year of record ag trade deficits. With 95% of the world’s consumers outside the United States, failing to secure new trade deals is costing farmers dearly. Nearly 1/3 of farm income depends on exports—we must do better.
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