Corey Hillebo

There's a lot, yeah.

70% of it is.

Connected.

So tell me this, Ethan, from an underwriting side, and I don't know if you lived through the 80s, so as we look back in history, I get the question often, is there any signs that's pointing to the fact that the economy's coming down and that it's going down?

Do you see anything there that would indicate that?

How about loan to value or the amount of people that are borrowing?

Like how many farmers do you think borrow?

60%?

I'd say our average now is probably around 65%.

And of the people that do leverage money on their farm or operating on whatever it is, how far are they leveraged?

Is that the difference?

Like we were way leveraged in the 80s.

Yeah.

So you guys are countrywide, correct?

That's right.

And so countrywide, we've interviewed some Sonoma wine growers that they're having a tougher bill out west.

And then you got, you know, corn and soybean producers.

Okay, we're middle road.

And then livestock guys, protein, they're doing a little bit better.

Do you see somebody that's on the verge of the lowest end of that, like the hardest times right now?