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Buffalo IL | Lot's of good advice above. I have had a chance to read the other posts. I would suggest going to the "Ranching for profit" website and start reading the articles in the archives. I have not read these, but there should be some useful info there. You said you had to pay capital gains since your fathers death and have had a couple of bad years. I assume from drought. Paying 15% of the increased value for asset may not seem right, but it is a business expense and mortgaging an asset for 15% of it's increased value should not be a concern unless that asset generates no cash flow. You will need to create a cash flow report for your operation and see what you can afford to pay for debt. Total sales minus operating expense minus living expense = profit/loss. | |
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personal question?
