western colorado | patt0463 - 12/7/2018 09:08 Not saying experts talking to bankers. Saying that as producers, it seems like bankers are so behind the curve because of their risk aversion, by the time they feel good enough about something to recommend it and be willing to finance it to a producer (expanding beef herds in 2014, for example) it’s just precisely at the wrong time in the cycle. Experts like to throw out outlandish predictions, basically because if they are wrong, people will forget fairly quickly, but if they wind up being right people will think they actually can predict the future.
And that right there is the problem with borrowing money to buy cattle. I'm working my way off that horse. In the mean time I'm trading the two for one deal, kill a fat and buy two calves plus feed. |