Beefy":2vg0gz3c said:I got a beginning rancher type loan back in may from the FSA office. borrowed $28000 to buy 82 heifers at i think it was 3.65% interest. anyway, payments are like $4600 spread over 7 years but i'll probably pay it off in 2-3 years since i had planned on selling about 30 of them once they gained some weight anyway. i plan on moving them this month or next. toying with the idea of buying some pairs in their place..i should at that interest rate.
D.R. Cattle":3dlx1c45 said:By the way, $28000 is pretty cheap for 82 head.
greenpasture78":vfgzwt2b said:How about loans for young people to purchase land? Gotta have land first before buying cattle!