No irrigation. My neighbor installs pivots so we have looked into it but it's to costly for pasture land. We rely on the good lord for rain and right now we need some.Hey @Lucky is your land irrigated? That would change the debt equation by quite a lot…
I'm not scared to borrow money when it makes sense for me to do so. Our cow herd has probably been paid for and borrowed against a dozen times over the years. Today they're paid for but I've got a sizeable operating loan against them that I can borrow from at anytime. The loan gives us freedom to get into other deals at anytime. This loan is a single pay loan but I can make an interest only payment on it if needed. I've been doing the same thing long enough to know what our calves will bring. We back ground them for 6 months or more and sell when we feel the time is right. This isn't for everyone but works for me.
