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Southern IL rent
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Boone & Crockett
Posted 3/15/2016 06:47 (#5177073 - in reply to #5176846)
Subject: Congratulations, hopefully the banker


Goes along with you. You are going to need another $100 grand plus on your operating line. Hate to be a Debbie Downer, but I am realistic, and doubt a banker is going to go along with that. You need to have a couple hundred of your own cash per acre. Bankers take a very dim view of 100% crop input financing. If you have forty grand to put in the 200 acres yourself, the banker most certainly will go along with that. Anything less, I don't see how you do the deal without Dad co-signing. Good luck.
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