things could get ugly in wheat (charts), page-6

The problem is worse than most realise.

At least Beverley is a good fairly reliable farming area.

I was camping back in January and got talking to a farmer from a spot that I used to go skiing back in the early 90s.

He took over the family farm 10 years ago with $1m in the bank and no debt.

Today no cash and down to 83% equity.What to do??

Try again,lease, sell.No one wants to be the one to exit.

I think ANZ got a shock when they realised how bad Wesfarmers finance book was.

By the way,I worked with your local Elders rep for 3 years in the early 2000's.

Leased my farm in 2009 as i was going backwards.

All the best.