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Financing bred heifers? Or bad idea
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<blockquote data-quote="Ky cowboy" data-source="post: 1335478" data-attributes="member: 23904"><p>I recently come across 80 acres close by fenced water barn working pens everything I need and want. Owner wants to lease it for $1200, price is right for my area I believe, places to lease are few and far between here. But I currently don't have the cattle to stock it. Found 14 bred heifers a guy wants to sell ($1450) this price also seems very reasonable all I've seen is pics of them haven't seen in person yet. Is it always a bad idea to finance cattle I know the markets down now and it seems like the right time to get in a little deeper I already have income coming in from another set of cattle and feed isn't an issue we bale plenty of hay. Just nervous about taking a loan to buy cattle. I've always tried to pay for this kinda of thing cash but never bought this many at one. </p><p></p><p>Thanks</p></blockquote><p></p>
[QUOTE="Ky cowboy, post: 1335478, member: 23904"] I recently come across 80 acres close by fenced water barn working pens everything I need and want. Owner wants to lease it for $1200, price is right for my area I believe, places to lease are few and far between here. But I currently don't have the cattle to stock it. Found 14 bred heifers a guy wants to sell ($1450) this price also seems very reasonable all I've seen is pics of them haven't seen in person yet. Is it always a bad idea to finance cattle I know the markets down now and it seems like the right time to get in a little deeper I already have income coming in from another set of cattle and feed isn't an issue we bale plenty of hay. Just nervous about taking a loan to buy cattle. I've always tried to pay for this kinda of thing cash but never bought this many at one. Thanks [/QUOTE]
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Financing bred heifers? Or bad idea
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