Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Cattle Sales
Making money in cattle!
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="Lucky" data-source="post: 1785932" data-attributes="member: 32659"><p>I agree that going into debt isn't always good and being debt free is the best option. However I can't imagine how long it would take to build a 100 cow herd without going into debt. Even if you started with 25 and retained heifers to keep from buying it would take forever. You can borrow the money and buy the 100 hd, let them pay for themselves fairly easy in 4-5 yrs then have the 100 hd herd debt free. Everyone needs to do their own thing though. It would have been dang near impossible to get where I am now land, cattle, and equipment wise with zero debt. The cattle and equipment are mine now but the land is another story. I've learned that the bankers honestly don't want the stuff you borrowed money for back and will work with you to keep from things going that far.</p></blockquote><p></p>
[QUOTE="Lucky, post: 1785932, member: 32659"] I agree that going into debt isn't always good and being debt free is the best option. However I can't imagine how long it would take to build a 100 cow herd without going into debt. Even if you started with 25 and retained heifers to keep from buying it would take forever. You can borrow the money and buy the 100 hd, let them pay for themselves fairly easy in 4-5 yrs then have the 100 hd herd debt free. Everyone needs to do their own thing though. It would have been dang near impossible to get where I am now land, cattle, and equipment wise with zero debt. The cattle and equipment are mine now but the land is another story. I've learned that the bankers honestly don't want the stuff you borrowed money for back and will work with you to keep from things going that far. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Cattle Sales
Making money in cattle!
Top