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How do you pay back your debt?
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ihmanky
Posted 8/10/2011 00:44 (#1905417 - in reply to #1905209)
Subject: Re: How do you pay back your debt?



KY
Sledge, I am like Thud said, small fries compared to most here, but attempting to grow every day. The way I see it, if you can squirrel the money away to plant a crop, unless things go to absolute depression times, you can almost always get a little help with a land or equipment note. If you lose a crop, then you're only owing yourself, and you have to face the hard choice on whether to get out before it's bad, or borrow on the next crop with hopes for a better year. Little off topic, but I got going there. I may never be able to walk away from my job because I don't want my wife to go to work, but my family hasn't had to sacrifice any regardless of the farm, I keep those two things financially separate, except for a small bonus I kick in to our household savings if things go well each season.
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