AgTalk Home
AgTalk Home
Search Forums | Classifieds (39) | Skins | Language
You are logged in as a guest. ( logon | register )

No reason for doom and gloom, let the good times roll
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
 
coup
Posted 9/15/2013 09:33 (#3328940 - in reply to #3328874)
Subject: Re: No reason for doom and gloom, let the good times roll


USA
Depends.

Can you make things work with $4 corn price with your current income stream, plus the new purchase?

How much fat can you trim from the 300 acres you currently farm to help with the new purchase, 300 acres x $30 = $9000.

From the post you made the other day about int cot @ 6.25%. You should be able to do better than that. I would talk to the folks @ FSA. If you have farmed less than 10 years, they will guarantee 95% of the loan, FSA will take a second and loan up to $225,000 for 20 years @ 1.5%.

IMO if can cash flow the purchase with $4 corn @ 6.25% int would go for it, but would shop around, like I mentioned before.
Top of the page Bottom of the page


Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)