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Creation of working capital
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dittfarms
Posted 9/25/2021 11:38 (#9237882 - in reply to #9237839)
Subject: RE: Creation of working capital


ottertail co mn
If you use it to buy inputs I would want to make sure that I also had that much money or more for inputs to buy the next year also or else all you have done is squandered your money and owe more on a tractor potentially worth less money.

Good luck with what ever you do

Personally would not do it. LOC is better option

Think of people who refinance their house with a cash out option, seems like they never get ahead but always have new TVs and recreational things.

I like to pay off loans and have a better cash flow and operating capital that way.

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