Trouble In The Heartland?
The Federal Agricultural Mortgage Corp., or Farmer Mac, is a small outfit that "provides a secondary market for agricultural real estate and rural housing mortgage loans and long-term credit to American farmers, ranchers and rural homeowners."
This chart comparing the ag lender to Fannie Mae shows that both are having problems.
2 Comments:
We have a "divergence" and a "non-confirmation" likely leading to a "very sharp reversal".
Translation: Crash coming soon.
http://www.gold-eagle.com/editorials_05/faber050605.html
The problem is that expenses are going up too.
My dad and uncle have good land with no mortgage, and both of them have outside income to support their farming habit.
Post a Comment
<< Home