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Poll, How many of you can completely self-finance next year's crops?
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Kooiker
Posted 9/6/2014 21:14 (#4059723 - in reply to #4059701)
Subject: RE: Poll, How many of you can completely self-finance next year's crops?



Sodbustr - 9/6/2014 21:05 If you can't make money on borrowed money with interest rates this low, how the heck do you think you are gonna do just using your own money??




Well, when margins get tight enough the difference of paying interest (even low interest) might be the difference between making a little money and losing some money.


Even if you're only paying 4% on $500k for a year that's still $20,000 of interest expense.     To you that might not matter but $20k is still a good chunk of change to me.









 

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