Re: It's the late 70's,all over again

Posted by RodInNS on March 11, 2008 at 14:57:44 from (24.224.246.156):

In Reply to: It's the late 70's,all over again posted by phillip d on March 11, 2008 at 08:20:36:

I'd hazard a guess that this is more like the 'Roaring Twenties' more than the 70's...
On the bright side though, you can cash out at 30 thou per KG, something you couldn't do in the 70's... Probably no time like the present either. I doubt those prices are going to hold too much longer. The average age of farmers is climbing here every year because there's nobody geting in; just old guys eventually getting out. There's an entire generation about to go. Quota will need to fall in price to make it available to anyone to buy because most of the younger guys are swimming in debt now. It's gotta have a pretty positive cash flow for them to buy any more... which it can't do at 30 thou.
Hope you hang in there... we lost two more here last month. There's hardly anyone left as it is.

Rod

Replies:

• Re: It's the late 70's,all over again phillip d 17:38:03 03/11/08 (0)

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