Posted 1/17/2019 09:15 (#7251061 - in reply to #7249372) Subject: RE: How much working capital per acre does your lender want?
Northern Illinois
yes. Net worth does not mean what it did. I can see their point in that they do not want to take back a farm. However, I would have to assume that high net worth dude is less likely to default on a loan ( assuming things were in a security agreement ) vs the guy who has cash. Once that cash is gone he has nothing left and no incentive to not just walk away from the deal.