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SE Iowa | I think there was a day when borrowing was cheap and this made good sense. Now the return has to be much greater. I’m not disagreeing but I have been programmed since birth that the only thing that it’s okay to have debt in is land and if something else requires debt you don’t have the money to do it. So that’s a tough reprogram for me that but you’re absolutely right if the return is greater than the borrowing rate it makes good sense to do as you say. With so many variables in farming though it seems risky. | |
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Establishing Priorities
