October 25, 2005 -- Posted at 6:30 p.m. CDT
JONESBORO -- Farmers across
Mike Cone, a Jonesboro Attorney said, “Generally they're very optimistic. A lot but times are very difficult, and you're seeing a lot of concentration of farmers-- especially of small farmers are simply not able to survive.”
“I think our current farm economy illustrates the importance of having a sound federal farm program that serves as a safety net in high imput costs and low commodity prices,” said Cone, “It's that componet that allows the farm operation to continue from one year to the next, without that safety net, many farmers will simply not survive.”
Chad Baker, an Agricultural Loan Officer at Regions Bank said, “We can't change commodity prices so if they can't cash flow with those prices there's just not a lot we can do.” Farmers in Region 8 are almost exclusively price takers. They can’t set the prices, they just have to take whatever the market gives them.
Farmers in the