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Cattle loan question?
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<blockquote data-quote="coalburner" data-source="post: 1388002" data-attributes="member: 20808"><p>Hello all!</p><p>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!</p></blockquote><p></p>
[QUOTE="coalburner, post: 1388002, member: 20808"] 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! [/QUOTE]
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