Seven year down cycle? Really? You believe everything runs in cycles? We are so global today, I don't think you can look back at history and say we're in a 7 year down cycle. The boards of trade aren't going to magically start increasing prices after 7 years. With our current geopolitical atmosphere, it is going to take a major crop disaster around the world, knowing exactly what China has in storage or the financial collapse of the Soviet Union to pull us out of our current "down cycle." With as much technology that we've exported, if the US has a disaster, Russia, Ukraine, Argentina, Brazil, Australia, China, Canada, India, France or some other European Union country will step in and fill the void we create. The destruction of NAFTA will cause the producer serious issues too. Trump is our current geopolitical storm! My advice is to know your cost of production, take an off farm job if necessary and bail as much debt as you possibly can. The old rule of thumb being, if you generate $500k in revenue, don't have more than $500k in total debt including operating loans. It has served me quite well over 40 years in farming! In today's lending climate with land poised to crap out in value as interest rates rise, it may be worth only having debt equal to 1/2 your gross earnings!