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Non-Cattle Specific Topics
Coffee Shop
Warren Buffett on the Beef Business
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<blockquote data-quote="Stocker Steve" data-source="post: 1656971" data-attributes="member: 1715"><p>I have very wide ranging discussions with my banker. He understands that ROI is not everything. An issue is that large scale farming is all about leverage and ROI. We have continuing failures of family dairies here that can not compete with 10,000 cow modules staffed by guest workers living in on site motels. Then some local businesses fail because the family farms have gone under, and it just spirals... Corporate cows don't buy from local businesses, family farmers do.</p><p></p><p>My banker will loan you $$$ for low return businesses as long as you have equity.</p></blockquote><p></p>
[QUOTE="Stocker Steve, post: 1656971, member: 1715"] I have very wide ranging discussions with my banker. He understands that ROI is not everything. An issue is that large scale farming is all about leverage and ROI. We have continuing failures of family dairies here that can not compete with 10,000 cow modules staffed by guest workers living in on site motels. Then some local businesses fail because the family farms have gone under, and it just spirals... Corporate cows don't buy from local businesses, family farmers do. My banker will loan you $$$ for low return businesses as long as you have equity. [/QUOTE]
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