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Black Hawk County, IA | I won't presume to tell anybody else what is right or wrong here. But have always felt the debt was like a sharp knife or hatchet. When used properly it enhances your situation or productivity greatly. When used improperly or carelessly it can be very detrimetal to your future. I guess I have been somewhat lucky that the timing for my farming career started in the early 80's and I've experienced the lows and the highs. Have borrowed a ton of money over the yrs. Started w/ 40ac + a 3010. Have greatly expanded many times over from there. Debt is nothing to be ashamed of, but you must use your head first. BTW X 3 on Frytown's post. John | |
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