1980s Farm Crisis: Is 2026 The Same? #shorts

Added: 2026-05-28

[00:00:00]You know, I was just a kid at the time.

[00:00:02]The 1980s were brutal.

[00:00:04]I I can remember my our family farm struggling so much and some of the the economic just brutal situation that caused across parts of Canada and the United States.

[00:00:17]We had, you know, slumping farm prices, high debt levels, and what wasn't what wasn't helping was the fact that land the land market just tanked. And interest rates were they were high. Like we think they're high today. We complain about, you know, 5 6 7%.

[00:00:33]People were paying like upwards of 20.

[00:00:35]Uh and and maybe you've got your own story to share there in terms of what your highest rate was.

[00:00:41]But it was hard. And we lost a lot of farmers at that time. People And some people were fortunate enough to rebuild and come back from it, and some people didn't. But what about 2026?

[00:00:51]Is this the 1980s all over again?

[00:00:54]Some people think so, and some people don't. And today we're going to dig into the numbers of it. Not just talk about the emotional side of it, cuz there's a lot of emotional pain tied to the 1980s.

[00:01:05]But today we're going to actually going to look at the numbers, and I've got a a clip today to play for you from our most recent episode that's dropping this week of the Mind Your Farm Business podcast.

[00:01:14]I'm going to bring it to you. We're going to play the clip. I think you're going to want to hear more all about are we returning to the 1980s? I really hope not, but we're going to find out.