Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Arkansas

moniss

(8,528 posts)

17. Also of note about the land values is that

Reply to LiberalArkie (Original post)

Fri Dec 5, 2025, 02:19 PM

15 hrs ago

those values are used when determining sufficient collateral for lenders to finance equipment etc. As happened in the late '70's and into the '80's when those values fall lenders can come around demanding that you "pay down your amount financed" so that it will fit with the decreased collateral value. The likelihood that someone has a huge chunk of cash sitting around to reduce the loan balance is fantasy and so the lenders go for repossession. Then the lender sells the equipment for whatever they can get and the balance of what is still owed goes as collectible debt against the remaining assets of the farm. This results in lots of foreclosures on farms as it did then.

Edit history

Please sign in to view edit histories.

Recommendations

4 members have recommended this reply (displayed in chronological order):

diane in sf questionseverything questionseverything IbogaProject

24 replies

= new reply since forum marked as read

Highlight:

Arkansas Farmers Begin Destroying Their Own Crops! [View all] LiberalArkie 18 hrs ago OP

FAFO we can do it 18 hrs ago #1

And they would vote for Trump again if they could. Just not a black woman. BradBo 18 hrs ago #2

How devastatingly sad, but 100% fucking true. OverBurn 15 hrs ago #19

Oh, man, if only there was a way to avoid the entirely predictable consequences RockRaven 18 hrs ago #3

All this happened in rural America even before the Great Crash of '29. flashman13 17 hrs ago #4

I know it may be a little satisying to point and say, "FAFO". Climate Crusader 17 hrs ago #5

Good luck with that, they are in for some serious psychic pain when they realize how much they were conned Blues Heron 17 hrs ago #6

We have spent the last 30-40 years reaching out to these folks, mwmisses4289 17 hrs ago #7

That is exactly what they say about us. Climate Crusader 16 hrs ago #10

There's an underlying animus that is enthusiastically expressed against farmers here. littlemissmartypants 15 hrs ago #16

I remember in the '70's and '80's moniss 15 hrs ago #20

And this is just Arkansas. The problem is national in scope. patphil 17 hrs ago #8

When Rome used to invade and conquer, one of the first things was to burn the crops to make the populations LiberalArkie 17 hrs ago #9

That's a good question. I think the people who have caused this haven't thought that through. patphil 16 hrs ago #11

I think that if Khrushchev was still present, everyone would know. As Russia still hates the U.S. with a passion we LiberalArkie 16 hrs ago #13

Big Ag going to buy up those family farms duckworth969 15 hrs ago #15

So, we need a wizard to give brains, heart, and courage to people who appear to have none. Perhaps they just sleep. patphil 13 hrs ago #23

And the department of Ag used to support local smaller scale farms growing high quality crops Botany 15 hrs ago #21

And yet food prices are still through the roof LT Barclay 16 hrs ago #12

Oh no! I'm being owned! BaronChocula 15 hrs ago #14

Also of note about the land values is that moniss 15 hrs ago #17

MAGA is really owning the libs by bringing down grocery prices IronLionZion 15 hrs ago #18

The video never explains WHY commodity prices have crashed. Fil1957 15 hrs ago #22

Because our foreign grain buyers took their business elsewhere IbogaProject 7 hrs ago #24