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Beginners question about profit
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<blockquote data-quote="HerefordSire" data-source="post: 692655" data-attributes="member: 4437"><p><em>Yes.</em></p><p><em></em></p><p><em>Another way to look at it.....</em></p><p><em></em></p><p><em>If the average net profit is $87 per cow.....</em></p><p><em></em></p><p><em>2 acres @ $1K per acre = $2K (enough to support one cow and her calf)</em></p><p><em>$1.5K over 20 years @ 6% APR with 25% down = payment $11 per month</em></p><p><em></em></p><p><em>98</em></p><p><em>11 (mostly all interest)</em></p><p><em>---</em></p><p><em>87</em></p><p><em></em></p><p><em>11.2% of gross is land payment not counting the 25% down stroke of $500.</em></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 692655, member: 4437"] [i]Yes. Another way to look at it..... If the average net profit is $87 per cow..... 2 acres @ $1K per acre = $2K (enough to support one cow and her calf) $1.5K over 20 years @ 6% APR with 25% down = payment $11 per month 98 11 (mostly all interest) --- 87 11.2% of gross is land payment not counting the 25% down stroke of $500.[/i] [/QUOTE]
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