Oh heck no, never borrow money money for cattle. Thats like borrowing money to play the stockmarket. Leave that up to the bankers borrowing interest free money from washington :roll:Nesikep":3uceo0l3 said:I wouldn't take up a mortgage for them.. I learn from other peoples mistakes!
BK9954":3p50ilwm said:One of the guys here said the bank caught him selling cattle that were loaned on, maybe for collateral on a loan, I dont know, never heard of anything like that.
The more I kept considering them, it doesnt make sense to just buy a couple and have all the mismatched calves. In order to do it right I will have to almost do a whole herd sell out and then start over with that cash. I am slowly moving into stronger brahman blood but still producing black baldies. But it was a good chance, not something you see everyday.callmefence":3qsm86z1 said:BK9954":3qsm86z1 said:One of the guys here said the bank caught him selling cattle that were loaned on, maybe for collateral on a loan, I dont know, never heard of anything like that.
So he was selling the banks cattle to make his payment. Or to Get cash for something else.
Whichever was he selling the good ones and keeping the bad. Or culling the bad ones.
Call you would have had to make right there.
But most likely you missed a really good chance at some good cattle. If pure Brahman is what your after.
I wouldn't recommend borrowing money. But it might have been a time to take a hammer to the piggybank
+1Brute 23":2skga4zb said:I'm not big on buying big groups like that because they are not always of the same quality. I'll pay more to hand pick a few. I never buy all or none cattle.