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Lowering Costs In A Down Market
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NE Ridger
Posted 7/31/2014 21:31 (#3995640 - in reply to #3995409)
Subject: RE:There are reasons. . .


EC Nebraska
Brandon SWIA - 7/31/2014 19:39

Other possibilty would be the 2013 operating line. If the farmer had $400K borrowed and 100K bu of corn, they were ok on Feb 1, but not so much now.


There are reasons that the annual operating line of credit is supposed to be ANNUAL!! As in, paid off each winter.

Yeah, if guys still have money left on the loan from 2013, well, I'm glad I'm not in that situation.
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