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Creation of working capital
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kst1
Posted 9/26/2021 06:35 (#9238819 - in reply to #9238383)
Subject: RE: Creation of working capital


To be in the best standing with my bank, you have to get the balance to less than 5% outstanding once a year. I've hit that every year, but the time it's there is less every year. Having bins and storing crops just doesn't give me much free flowing cash hanging around. I usually push money into my LOC in the fall and then turn around and write cash rent checks off of it and we go right back to havinga decent sized balance.

Edited by kst1 9/26/2021 06:35
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