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| Tiler - 9/7/2014 07:50
No, been at it for 44 years and still find the need to use some OPM. Seems to work, even in the '90's. Used 6% money to buy seed and fert at 10-15% cash discount. Paid off line as old crop moved out of bins. Borrow 6% money for 3-7 months to get 10-15 % discounts. That is like, I give you $.75 and you give me a dollar back.
A very good response! Borrowed money does not make you a failure, it's just part of business. I'm guessing an awful lot of people could self-finance if they sold all of their crop out of the field and never pre-payed any expense. They also would leave a lot more money on the table than the 3-4% interest they would pay. Makes me no difference at all but I will keep borrowing, within reason. | |
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- Poll, How many of you can completely self-finance next year's crops? - 1234 : 9/6/2014 19:54
- RE: Poll, How many of you can completely self-finance next year's crops? - rich79 : 9/6/2014 20:05
- RE: Poll, How many of you can completely self-finance next year's crops? - emtbd1979 : 9/6/2014 20:10
- RE: Poll, How many of you can completely self-finance next year's crops? - Big Ben : 9/6/2014 20:11
- RE: Poll, How many of you can completely self-finance next year's crops? - IALTO : 9/6/2014 20:11
- RE: Poll, How many of you can completely self-finance next year's crops? - bigswede : 9/6/2014 20:20
- RE: Poll, How many of you can completely self-finance next year's crops? - SMK : 9/6/2014 20:23
- RE: Poll, How many of you can completely self-finance next year's crops? - KORN * : 9/6/2014 20:26
- RE: Poll, How many of you can completely self-finance next year's crops? - RBFILTER : 9/6/2014 20:36
- RE: Poll, How many of you can completely self-finance next year's crops? - PaKettle : 9/6/2014 20:39
- RE: Poll, How many of you can completely self-finance next year's crops? - NE Ridger : 9/6/2014 20:52
- RE: Poll, How many of you can completely self-finance next year's crops? - ocfarms : 9/6/2014 20:54
- RE: Poll, How many of you can completely self-finance next year's crops? - 5 Bean Pod : 9/6/2014 20:59
- RE: Poll, How many of you can completely self-finance next year's crops? - Sodbustr : 9/6/2014 21:05
- RE: Poll, How many of you can completely self-finance next year's crops? - Ben Riensche : 9/6/2014 21:13
- RE: Poll, How many of you can completely self-finance next year's crops? - deere9510 : 9/6/2014 21:18
- RE: Poll, How many of you can completely self-finance next year's crops? - exfarmer1486 : 9/6/2014 22:17
- RE: Poll, How many of you can completely self-finance next year's crops? - Clay SEIA : 9/6/2014 22:36
- RE: Poll, How many of you can completely self-finance next year's crops? - ruralHusker : 9/6/2014 23:21
- RE: Poll, How many of you can completely self-finance next year's crops? - idalivered : 9/7/2014 06:09
- RE: Poll, How many of you can completely self-finance next year's crops? - GrainTrader : 9/7/2014 06:20
- RE: Poll, How many of you can completely self-finance next year's crops? - Sheep Herder : 9/7/2014 08:09
- RE: Poll, How many of you can completely self-finance next year's crops? - deerecraig : 9/7/2014 08:12
- RE: Poll, How many of you can completely self-finance next year's crops? - Duane NC OH : 9/7/2014 08:39
- RE: Poll, How many of you can completely self-finance next year's crops? - paul the original : 9/7/2014 09:06
- RE: Poll, How many of you can completely self-finance next year's crops? - michael3130 : 9/7/2014 09:28
- RE: Poll, How many of you can completely self-finance next year's crops? - workinonjunk : 9/7/2014 09:36
- RE: Poll, How many of you can completely self-finance next year's crops? - mjl : 9/7/2014 10:22
- RE: Poll, How many of you can completely self-finance next year's crops? - Badger : 9/7/2014 11:45
- RE: Poll, How many of you can completely self-finance next year's crops? - Downwardspiral : 9/7/2014 19:22
- RE: Poll, How many of you can completely self-finance next year's crops? - coochief : 9/7/2014 21:33
- RE: Poll, How many of you can completely self-finance next year's crops? - jeff gordon : 9/7/2014 22:57
- RE: Poll, How many of you can completely self-finance next year's crops? - pbutler : 9/8/2014 12:31
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