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<blockquote data-quote="cowboy43" data-source="post: 1247400" data-attributes="member: 10124"><p>Sometimes hanging on too long can be a killer if you want to get back in when the rains starts again. </p><p>You borrow money to buy feed until you have borrowed up to the value of your herd, you sell the herd and pay off your debts. You end up with no money in the bank to buy back or collateral to borrow against. This happened to ranchers in the last long drought who had spent their lifetime building up their herds. They never went back into the business.</p></blockquote><p></p>
[QUOTE="cowboy43, post: 1247400, member: 10124"] Sometimes hanging on too long can be a killer if you want to get back in when the rains starts again. You borrow money to buy feed until you have borrowed up to the value of your herd, you sell the herd and pay off your debts. You end up with no money in the bank to buy back or collateral to borrow against. This happened to ranchers in the last long drought who had spent their lifetime building up their herds. They never went back into the business. [/QUOTE]
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