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Farming Without the Bank
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redoak
Posted 12/27/2025 07:09 (#11485415 - in reply to #11485264)
Subject: RE: Farming Without the Bank


deep SW On.
Depends on farm size of course,but a long time ago a friend told me to not buy anything not absolutely needed for a couple of yrs. and you can finance crop/livestock yourself.

Buying land still needs a mortgage, should not exceed 20 yrs. amortized as after that it does not reduce payments much and you pay a lot more interest

If its like here you would need a large life ins. policy with a lot of cash value to be able to borrow many $$
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