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<blockquote data-quote="TexasBred" data-source="post: 876312" data-attributes="member: 6897"><p>Obviously they inherited their money as they wouldn't accumulate much doing it your way. Deferred income is one of the best ways to lower taxes while retaining earnings. A cow note is just as secured as a real estate note. Cows die....real estate deteriorates without constant upkeep (additional cash investment). I know a lot of banks that are very agriculture based and loan tremendous amounts of money on cattle as well a"unplanted" crops. Most farmers operate on borrowed money. Takes more than most have laying around in the bank to put in 20,000 acres of grain. Anyway, back to the original question, yes it can be done...you can make money at if you know what you're doing and it is done fairly often. Again, best wishes.</p></blockquote><p></p>
[QUOTE="TexasBred, post: 876312, member: 6897"] Obviously they inherited their money as they wouldn't accumulate much doing it your way. Deferred income is one of the best ways to lower taxes while retaining earnings. A cow note is just as secured as a real estate note. Cows die....real estate deteriorates without constant upkeep (additional cash investment). I know a lot of banks that are very agriculture based and loan tremendous amounts of money on cattle as well a"unplanted" crops. Most farmers operate on borrowed money. Takes more than most have laying around in the bank to put in 20,000 acres of grain. Anyway, back to the original question, yes it can be done...you can make money at if you know what you're doing and it is done fairly often. Again, best wishes. [/QUOTE]
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