That's a multi-part question, Wayne, but I'll tell you what I hear in the countryside.
There is a struggle with where Farm Credit's policy has been in the past. In talking with accountants and lawyers--producers call me all the time, and I'm the local rep--15 or 20 years ago, Farm Credit had a policy of finding the market value and then finding the quickest way to resolve at that value. They would do many things to make that happen. They would use trailer mortgages. They would use debt set-aside or plain debt writedown. They were in the business of trying to fund agriculture, and at the end of the day, if they sold it to the neighbour for $1, why wouldn't they move it back to the farmer for $1?
From what I'm being told there seems to have been a policy change at FCC. They will move so far, but then they're going to test the market. From research I have seen, I do know that every time they've tested the market in the last nine months it pretty much comes back at land value. With the gentleman we talked about earlier, if he and his church can raise the money to buy that farm back, or offer Farm Credit what they will probably get in the marketplace, it would seem like a reasonable business proposition to take that: reduce your costs and move on.
Having said that, there will come a point when the market needs to be tested; I don't know if that's every other week or every other month or once every six months. But we know in our business today, the hog business, that grain prices are going up and hog prices are not keeping up with that. Producers, at least in the next four or five months, are going to struggle to keep going.
I guess I'll leave that there.