coalburner
Active member
- Joined
- Jun 27, 2013
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Hello all!
I have a few questions for you, with today's prices what are your thoughts on borrowing money to buy cattle? I currently run 120 head cow/calf operation (no debt) but I might have an upcoming opportunity to pick up another pasture. So what would be an acceptable price to pay for a 3-5 year old cow that's heavy bred? What kind of interest rate on a yearly note? What bank in east Texas or north Louisiana would be good to try and borrow from? I would like to pay this off in 3 years, is that the norm? Just wanted some input, thanks in advance!
I have a few questions for you, with today's prices what are your thoughts on borrowing money to buy cattle? I currently run 120 head cow/calf operation (no debt) but I might have an upcoming opportunity to pick up another pasture. So what would be an acceptable price to pay for a 3-5 year old cow that's heavy bred? What kind of interest rate on a yearly note? What bank in east Texas or north Louisiana would be good to try and borrow from? I would like to pay this off in 3 years, is that the norm? Just wanted some input, thanks in advance!