If you read the rest of the article on Pork Network, the lender is a Farmer-Mac lender that utilizes the FSA guaranteed loan program. Those loans must show a positive cash flow and have the collateral to support it. As of late, a lot of the lenders currently are back to collateral lending and don't put much emphasis on the cash flow. That's where we were at in the 80's. Only current difference right now is the cost of money. Why do you think there are so many non-traditional ag-land owners today? They bought the land and hoped the value would appreciate just like a stock. That forced farmers to bid up a piece of ground that they wanted. All are hoping that the price stayed high or appreciated. Balance sheets are sliding backwards. Any oil price rocket will throw ag over the edge! I have to agree with Dee, "likely" is a a big IF.