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Should a established farm need an operating loan every year??
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redoak
Posted 12/26/2015 18:02 (#4988649 - in reply to #4988610)
Subject: RE: Should a established farm need an operating loan every year??


sw ontario
Wheat77 - 12/26/2015 18:49

Many farms have an operating loan in place, even if they have plenty of ready cash in
their current working capital, and do not have a current loan balance.
Sometimes it is much easier to make a phone call to put money in your checking acct. than to wait
a few days for a transfer from a fund or another source.


Wheat I agree you should have a line of credit for unseen circumstances
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