David Loberg Northeast Nebraska | If the banks have let them inflate their land values to 7-8000 an acre that's a pretty shoddy bank manager as well. We have all of our irrigated at 70% of current market value I'd say, it was 40-50% in the boom couple years ago. Working capital is always a discussion point during renewal time, but we've striven to always keep our loan ratios in the green without upping our land values. Machinery we probably need to trim some fat on our values though. We normally take a 5% depreciation on each item every year, it's probably more like 10+ the past two years. But we're not looking to roll/trade much at these levels either... |