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| Similar situation.... decent town job, row crop operation, custom finish hogs. They are looking at your debt/equity ratio almost exclusively and base everything on that. So if you're writing down debt, you're going to term out. If you know much about hog barns, they don't make you much money but they add a lot of equity to your farm while you're paying for them. They go off your balance sheet, so after all this my loan officer "suggested" that I write down the value of my hog barn. So I write it down to what I owe every year and ruin my balance sheet with them to stay in their young farmer program. Which if I was most of the guys complaining about these programs, I would say this is why they're so frustrating. It's frustrating to me because I have to play their game. | |
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Want to help young/small farmers?
