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<blockquote data-quote="agmantoo" data-source="post: 807539" data-attributes="member: 8973"><p>I do see a lot of differences in our assets. From your list I will make a comparison</p><p></p><p>Assets</p><p></p><p> You ...................................................................... me</p><p>2 chicken houses ..................................1 layer house being run by a relative as a part time enterprise</p><p>Recieving barn ...................................none</p><p>working barn ..................................... none</p><p>Hay barn ..........................................shared compartment in multi use building</p><p>Water lines 3 miles ..............................3300 feet</p><p>8 frost free drinkers .............................4</p><p>Fences(miles and miles) ..............................Cheap high tensile around 200 AC of which 161 acres in forage</p><p>Three miles of roads..............................Fair weather lanes, less than a mile</p><p>6 feed pens ,bunks,concrete pads..............none</p><p>Two huge silage pits with concrete floor ..... none</p><p>Generator shed and huge generator(requirement) ...... none</p><p>Chicken composter(requirement) ................one at relative's enterprise</p><p>Stack shed (requirement) .........................none</p><p>4 complete retrofits on 10 year old chicken houses(requirement)..........storm damage repaired</p><p>Commodity barn ................................ none</p><p>Liquid tanks ...................................... none</p><p>composter........................................ none</p><p>brood cow ?..................................... ~100</p><p>land available.... acres.........................207 acres @ beef farm</p><p>Reading the list of non performing assets has me questioning as to why you continued participating in various ventures without ascertaining the merit. There was no diversification as these were IMO all Ag based. Pardon me for saving it the above appears that you were trying to borrow/buy you way to wealth rather than using your strengths/knowledge in agriculture to excel. Surely some money came in from the ventures but as much or more had to leave to service the expenditures. When I was in the hog business I too made some of the same mistakes. It did not take long for me to realize that I had to do my own thinking and I realized I was the most qualified person to understand my risks tolerance. I do not know how to undo the burden you shoulder with the non performing assets but I do know I would put a halt to any future ones. I was headed the same direction early with my cattle operation as long as I was doing what every one else was doing. I decided to try a smart start directed at controlling or influencing the things I had control over to improve my net profit. Doing so turned my operation around and did so far above any expectation that I ever imagined. Would such a drastic change benefit you?</p></blockquote><p></p>
[QUOTE="agmantoo, post: 807539, member: 8973"] I do see a lot of differences in our assets. From your list I will make a comparison Assets You ...................................................................... me 2 chicken houses ..................................1 layer house being run by a relative as a part time enterprise Recieving barn ...................................none working barn ..................................... none Hay barn ..........................................shared compartment in multi use building Water lines 3 miles ..............................3300 feet 8 frost free drinkers .............................4 Fences(miles and miles) ..............................Cheap high tensile around 200 AC of which 161 acres in forage Three miles of roads..............................Fair weather lanes, less than a mile 6 feed pens ,bunks,concrete pads..............none Two huge silage pits with concrete floor ..... none Generator shed and huge generator(requirement) ...... none Chicken composter(requirement) ................one at relative's enterprise Stack shed (requirement) .........................none 4 complete retrofits on 10 year old chicken houses(requirement)..........storm damage repaired Commodity barn ................................ none Liquid tanks ...................................... none composter........................................ none brood cow ?..................................... ~100 land available.... acres.........................207 acres @ beef farm Reading the list of non performing assets has me questioning as to why you continued participating in various ventures without ascertaining the merit. There was no diversification as these were IMO all Ag based. Pardon me for saving it the above appears that you were trying to borrow/buy you way to wealth rather than using your strengths/knowledge in agriculture to excel. Surely some money came in from the ventures but as much or more had to leave to service the expenditures. When I was in the hog business I too made some of the same mistakes. It did not take long for me to realize that I had to do my own thinking and I realized I was the most qualified person to understand my risks tolerance. I do not know how to undo the burden you shoulder with the non performing assets but I do know I would put a halt to any future ones. I was headed the same direction early with my cattle operation as long as I was doing what every one else was doing. I decided to try a smart start directed at controlling or influencing the things I had control over to improve my net profit. Doing so turned my operation around and did so far above any expectation that I ever imagined. Would such a drastic change benefit you? [/QUOTE]
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