kenny thomas
Well-known member
Some things may be worth borrowing for such as land because it seems the value is always going up.
Cattle looks great right now but inputs still makes it hard to pay interest of 6-7% and make a good profit. If your borrowing for the cattle and operating costs such as feed and fertilizer it might not go well. Especially if you have any bad luck. Never borrow more than you can afford to loose. Don't let it get to the point of effecting you long term.
Cattle looks great right now but inputs still makes it hard to pay interest of 6-7% and make a good profit. If your borrowing for the cattle and operating costs such as feed and fertilizer it might not go well. Especially if you have any bad luck. Never borrow more than you can afford to loose. Don't let it get to the point of effecting you long term.