Gordon Carriker
Gordon Carriker
business effort financial looking means preparing producer records statements
That means making the effort to put records together, preparing financial statements and preparing a business plan, especially if the producer is looking at a new enterprise.
borrowing bottom cover disaster dropped early farmland financial increased inflated loans result saw values
We saw a financial disaster in agriculture in the early 1980s as a result of inflated farmland values and the increased borrowing on those values. When the bottom dropped out of the farmland market, we saw loans called in and foreclosures to cover those loans.