how many banks go down when average sized iowa farmer fails?
and what do they do with it?
Sell it to a larger operation?
You think "the farm' will cover the operating note and the equipment, land, infrastructure debt?
If you do, you are wrong.
didn't hurricane clips come along about this time?
when you owe the bank 100,000 you have a problem
when you owe the bank 1,000,000 The bank has a problem.
but yes, you are right.