"Current numbers are not unprecedented, even in the recent past, having reached 70 bankruptcies in 2010. However, current price levels and the trajectory of the current trends suggest that this trend has not yet seen a peak," Ron Wirtz, an analyst at the Minneapolis Fed, wrote.
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2 comments:
That is not good!
Normal for any businesses that spend more than they make. Or that borrow more than they can repay. I guess there's another special interest group that is seeking bailout money from the taxpayers to pay for the farmers bad business decisions. Let Adam Smith decide their fate.
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