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Rising beef prices show no indication of reversing
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<blockquote data-quote="John SD" data-source="post: 1128770" data-attributes="member: 14713"><p>Beef is like any other ag commodity. What goes up can and will come down. When and how much is anyone's guess.</p><p></p><p>The bottom line is it is always prudent to prepare for bad times during good times. A big part of that preparation is reducing or elimating debt and/or socking cash away for the rainy days that WILL come at some point.</p><p></p><p>"Cash is King" If you are unencumbered by debt, you are in a much better position if/when land/cattle prices drop to expand your operation.</p><p></p><p>As a corn/hog farmer on another board always says, Keep your powder dry.</p></blockquote><p></p>
[QUOTE="John SD, post: 1128770, member: 14713"] Beef is like any other ag commodity. What goes up can and will come down. When and how much is anyone's guess. The bottom line is it is always prudent to prepare for bad times during good times. A big part of that preparation is reducing or elimating debt and/or socking cash away for the rainy days that WILL come at some point. "Cash is King" If you are unencumbered by debt, you are in a much better position if/when land/cattle prices drop to expand your operation. As a corn/hog farmer on another board always says, Keep your powder dry. [/QUOTE]
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Rising beef prices show no indication of reversing
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