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Financing your herd.
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<blockquote data-quote="mwb" data-source="post: 139479" data-attributes="member: 2671"><p>I'm new to this business and maybe that is why I do not understand most of the posts here stating that borrowing is not the way to go. the only example I have is of a close friend. He borrowed $25,000 4 years ago and bought him 25 cows and a bull. He has paid his loan off 100% with no problem at all. He doesn't own his land, but he pays $2,000 a year to lease it. Now, he owes nothing to the bank and he owns his 25 cows outright. What's so complicated about that?</p></blockquote><p></p>
[QUOTE="mwb, post: 139479, member: 2671"] I'm new to this business and maybe that is why I do not understand most of the posts here stating that borrowing is not the way to go. the only example I have is of a close friend. He borrowed $25,000 4 years ago and bought him 25 cows and a bull. He has paid his loan off 100% with no problem at all. He doesn't own his land, but he pays $2,000 a year to lease it. Now, he owes nothing to the bank and he owns his 25 cows outright. What's so complicated about that? [/QUOTE]
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