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NEIN | I would guess you are correct too. With the returns in grain farming and inflation of crop prices many now operate with cash. As far as being out of debt completely, with FIXED interest rates this low, debt has very little risk associated with it as long as payments don't take all available cash in a bad year. And new equipment is much easier to find a real value in than old used stuff, especially with the rapidly changing technology in modern farm equipment. One of the old posters on this site used to say something like this, "I would never have minded inherting a farm even if it was only half paid for", sorta puts debt in regards to age in perspective doesnt it. | |
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cash ?
