Posted 12/13/2017 06:25 (#6425532) Subject: Debt repayments, P+I as a % of gross income - ? for crop farms
Southeast WI
Been thinking. We keep our machinery and other debt as low as we can, make improvements out of pocket each year, again as we can and so far have been able to ride out low prices for 27 years with this mindset. So do farmers - I guess both crop and livestock but mostly interested in crop guys - keep their borrowing at a certain level? I know we can talk financial ratios till the cows come home, however what's a good number to use. Again, money that goes to debt repayments as a % of gross income or is there another way to look at it?
Debt repayments, P+I as a % of gross income - ? for crop farms
