sad faces

[Hopperbin]

How is the berreta family making out? Seems they have left the deal unscathed possibly much better off.

[Hopperbin]

How is the berreta family making out? Seems they have left the deal unscathed possibly much better off.

[Partners]

The farmers who "Owe" the most have the nicest toys or machinery..After all you only live once..

[ALLFARMER]

Neighbour bought a new Borgault drill a few years back. Financed it over 10yrs. Since it is super accurate metering canola over older drill he figures thd savings on canola seed is more than enough to make the payments on the drill.

When I started farming in 96 I had $400 and $84,000 in dirt debt. No machinery, no inputs, didn't even own a farm dog. I had a paid for pickup truck and a computer and a full time job. 17 yrs later 2mill outfit.

Business is about passion, people without it...have no business being in business.

[tweety]

Farming, best job on the planet.

[farmaholic]

Jeopardy Question:

Answer: Starting farming from scratch cannot be done without this.

What is the "full time job"?

Allfarmer, I think you'd better give more credit where credit it due.

Question #2

Answer: this is also helpful when starting farming
from scratch.

What is "timing"

But good one you, not taking anything away from you. Also sounds like you knew when to fold em!!! You took a risk and it paid off!!!

[blackpowder]

Can't honestly answer this one. Every operation different. I've never fit into the "normal or accepted" myself.

[gtgconsult]

Based on what I have seen, here are a couple of benchmarks.
Interest is below 10% of Revenue
Debt service above 20% of revenue gets iffy.
GG