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<blockquote data-quote="Stocker Steve" data-source="post: 1507424" data-attributes="member: 1715"><p>Half right.</p><p></p><p>They buy 80 acres, pour 40 acres of concrete using their own construction company, import 10,000 heifers, and feed them corn silage contracted in for less than the total cost of production.</p><p></p><p>So efficient processes, vertical integration, and a very keen understanding of ROE financials.</p><p></p><p>My banker brought up the fact that they are still expanding in our area. I asked if they were getting a deal on interest rates. He then changed the topic...</p></blockquote><p></p>
[QUOTE="Stocker Steve, post: 1507424, member: 1715"] Half right. They buy 80 acres, pour 40 acres of concrete using their own construction company, import 10,000 heifers, and feed them corn silage contracted in for less than the total cost of production. So efficient processes, vertical integration, and a very keen understanding of ROE financials. My banker brought up the fact that they are still expanding in our area. I asked if they were getting a deal on interest rates. He then changed the topic... [/QUOTE]
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