AgDay 08/05/24

[@ozarkshark]

Consumer spending is on their credit cards and cc debt is at historic highs. That's not sustainable.

[@frederickbooth7970]

Here in Oregon the recession started ago few months ago even if officials don`t want to admit it. Many hundreds of timber mill workers have been laid off due to several mill closures. Our primary Ag. crop here on the west side of the Cascades is grass seed & the resulting big bales of grass seed straw. The $$ for grass seed is much lower this year than in previous years. We know of a couple of farmers who are borrowing against farm equity to pay fuel, fertilizer & machinery tires/ parts costs.Thank goodness my cousin & I were able to close sale on a rental property we had in our family for > 55 years! If those lessees lose their jobs they would not be able to pay their leases & we could no intern pay the expenses of operating the Bldg. With Oregon`s restrictive laws we also could not evict them for non- payments of leases for at least 90 days. Bad enough to have no restrictions on govt. costs such as water/ sewer / prop. taxes but have a strict limits on annual lease rate increases of < than power & govt. utility costs. Right now the Dow is down 1,000+ points! Hold on tight everyone & hope you all are prepared.

[@buildmotosykletist1987]

Drop the rug mate, it looks silly.

[@kchillr]

I can't understand the weather reporter.

[@thomaslthomas1506]

The precipitation outlook was way off....... to the dry side. Hmmmmm.