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buying cattle
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<blockquote data-quote="Beefy" data-source="post: 36887" data-attributes="member: 57"><p>these were mostly good quality light yearling (and less) heifers that my dad owned and he needed some quick cash for farming so i scratched his back and he scratched mine. we didnt want to have to sell them all since a lof of them are really good quality plus they needed to grow out some. he wanted to help me out getting started and repay me for working all these years. pretty good considering if i sold them all now i'd make about a $19,000 profit but in the long run i'll make a lot more than that from them. like i said, i'll probably sell30-40 of them in the near future. still, the loan and interest rates are great no matter how much you pay for whatever you buy b/c the rates are low and the repayment period is extended over several years. (the rate is fixed at whatever it happens to be when you sign).</p></blockquote><p></p>
[QUOTE="Beefy, post: 36887, member: 57"] these were mostly good quality light yearling (and less) heifers that my dad owned and he needed some quick cash for farming so i scratched his back and he scratched mine. we didnt want to have to sell them all since a lof of them are really good quality plus they needed to grow out some. he wanted to help me out getting started and repay me for working all these years. pretty good considering if i sold them all now i'd make about a $19,000 profit but in the long run i'll make a lot more than that from them. like i said, i'll probably sell30-40 of them in the near future. still, the loan and interest rates are great no matter how much you pay for whatever you buy b/c the rates are low and the repayment period is extended over several years. (the rate is fixed at whatever it happens to be when you sign). [/QUOTE]
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