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Young Farmer Question
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swne
Posted 3/17/2009 09:36 (#647275 - in reply to #647225)
Subject: Re: Young Farmer Question


Cambridge, southwestern Nebraska
I agree with Brandon. I'd be a little slow for this year to pay down that real estate loan. That will probably look like a really CHEAP interest rate someday.
I'd get through this first year and have plenty of operating capitol. Then if an oppurtunity comes along you would not risk borrowing against the land that your considering paying down at a higher interest rate. You would already have the money in hand.
Also, that reserve money might be a good down payment on some more land.
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