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NC Iowa Thompson | With no outside income , on 800 acres corn soybean a little livestock.,use to get a 150-175 line of credit , 1980-2000, as medical insurance and large deductible have increased cost of Internet , And phones etc, had to go to 250k , now getting ready to slow down and have got things under control , no line of credit although the bankers thinks I should have one just in case , I think there bank examiners kind of tell them what to do,, I am a few years away from my hog buildings being pd for ,
I am sure my inter grader will want me to modernize the hog buildings , so I my never be done .
Farming is not for the weak at heart, many years I owed .90 for every dollar bar borrowed. The 80's were hard on me , I made it to the other side, best of luck to every one , hope some rain gets to you guys , stay strong in your faith and be kind to your spouse and kids . | |
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Line of Bank Credit
