Wednesday, July 05, 2006

Farm Losses

I spend very little time feeling sorry for farmers. Most are their own worst enemies. But the truth is that it's a tough business. We have all the farmers we need, and it's a mature industry, so margins are thin and tenuous. The good farmers grow and prosper, but many others are left behind. The floods have put many farmers through a special kind of hell, with flooded barns and fields. Unless these farms are well-capitalized, which is extremely unlikely, they will lose hundreds of thousands of dollars, and likely have to sell. Read:

http://www.pressconnects.com/apps/pbcs.dll/article?AID=2006607050303

http://www.syracuse.com/newsflash/regional/index.ssf?/base/news-18/1151956767306380.xml&storylist=ny

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