Thanks for that Kenny. I'll have to check into it.
Very good point! That's why I started this thread. I'm far from having any clue about this. This would be a huge step for me IF I can swing it. It's wheat pasture. It sounded absolutely ridiculous to me the first time I heard it, until I started putting some numbers to it. He used to lease the pasture on the gain. That is, what the calves gain, he got so much dollars per pound. The number escapes me. But he got tired of people buying the crappiest calves they could find and them not gaining like good calves would. So now he just does a set 20k and run as many as ya want.
Partner is already in, just gotta figure this all out before we pull the trigger. The interest on the money conveniently escaped my mind. I knew this would be a good sounding board!