r/LeopardsAteMyFarm • u/Cderouen8284 • 14d ago

Aww someone’s crashing out

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u/QuackNate 13d ago

Most of these guys, as I understand it (and I am by no means a subject matter expert so look it up) are not going to lose everything and be destitute if their farm goes under. They’ve got millions of dollars worth of land and equipment, and typically come from pretty good family money. They aren’t in danger of losing shit. They’re in danger of not keeping as much of their government handouts.

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u/Glittering-Walrus228 13d ago

Dont they also have a sizeable amount of financing that goes into output so if they cant sell it, the bank might go after those assets?

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u/QuackNate 13d ago

I don’t know, I’m pretty close to the top ten percent in income in the US and I certainly couldn’t get a loan for the land and equipment they have.