Farm asset values have dropped by 30 to 40 per cent and there are a lot of stressed farmers running significant cash deficits this year
Pssst! Wanna a cheap farm? Foreclosures coming to a place near you.
Five per cent to 10 per cent of farmers across the country had too much debt to be sustainable
feared an "avalanche" of dairy farm foreclosures next autumn if farmers did not sell assets and reduce costs, or if payouts did not improveSome investments were totally loan-based
a white goldrush; unfortunately the late arrivals are particularly vulnerable
Not a good outlook for our biggest earner.
the enforcement of proposed international banking recommendations, requiring banks to impose rigorous capital and risk management policies, would create a "perfect storm" for financially stressed farmersFarmers turn after the closures in other sectors. The recession marches on.
It will affect the whole country, but the primary sector in particular
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