How BTO's operate

[SWFarmer]

Bit of an insight into how one large farm operates.

[SASKFARMER3]

I bet that mortgage is done up so tight that ever single thing from first born to last dead is included.

I would of guessed BMO or scotia Bank. Saskatoon.

Go Big or go home.

Follow the money

[farmaholic]

.........here we go again!

Charming enough for ya 101? Lol....Sunday evenings @ 8 RC church basement in the Slum of the Ghetto!

[farming101]

I missed counting three zeros at first glance. It makes a difference..

[farmaholic]

I missed counting three zeros at first glance. It makes a difference..

Just a bit.

[farming101]

It's funny how if or when things blow up in cases like this it doesn't make quite as big an explosion as you would expect

[farmaholic]

Plug 126 million into your mortgage calculator. FCC 's would "only" let me input 100 million.

[TSIPP]

Ouch that gota make the banker restless at night.

I've got a pretty good idea why some of my neighbors cranky.

[SASKFARMER3]

It would be a general mortgage over 30 years and based on 20% down or a 10000000 mortgage.
Easy Peasy nice and easy.

[farmaholic]

The mortgage amount on the title is already 126 million, the down payment on that "all encompassing" mortgage is already made.....if payments are regularly made maybe you can just keep adding titles to the mortgage without increasing it. Leveraging equity.