Posted 12/5/2012 09:44 (#2734058 - in reply to #2733635) Subject: Re: Stamp Farms bankrupt
Northmo you are dead wrong. You think everyone is farming with cash on owned land that is successful? I hate to break it to you but I believe most farmers rent at least some land and most have some type of operating note. Our operation would need $5 million in cash to operate and our land base would be worth north of $45-$50 million if we owned it all. Why would I bother to farm with that type of asset base?