The scenario where someone plants a money losing crop in order to generate cash flow is a consequence of crushing debt, any farmer who has maintained moderate growth financed by his own capital the last 10 years or so has many options and will find a crop or a use for his land and capital to make money, in other words, he has options where the slave to the bank does not. The exact same thing has happened in any number of industries over the last 40 years, the most glaring current examples are the shale oil and gas producers, they drilled themselves out of adequate cash flow to service debt and now a large percentage will go under, the underlying assets of the oil fields they developed will be massively written down to true economic value.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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