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Why wean calves?
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<blockquote data-quote="Lucky" data-source="post: 1712021" data-attributes="member: 32659"><p>Most of these guys are borrowing the money with the yearlings being the collateral. If things go south for them they just make a deal to pay what they can and try again next year. I'm sure they're not going to loose the entire herd but if they end up 50-60k in the hole they'll just roll it into next year. I'm sure once they get too deep something will happen but it's not like they loose the house and all the land. </p><p></p><p> Operating loans are a little crazy to me. If you've never had one it's kind of hard to explain. My banker set me up with one and I can definitely see where a guy that's good with money can make allot with one and how a guy thats not so good with money can get too deep really fast.</p></blockquote><p></p>
[QUOTE="Lucky, post: 1712021, member: 32659"] Most of these guys are borrowing the money with the yearlings being the collateral. If things go south for them they just make a deal to pay what they can and try again next year. I’m sure they’re not going to loose the entire herd but if they end up 50-60k in the hole they’ll just roll it into next year. I’m sure once they get too deep something will happen but it’s not like they loose the house and all the land. Operating loans are a little crazy to me. If you’ve never had one it’s kind of hard to explain. My banker set me up with one and I can definitely see where a guy that’s good with money can make allot with one and how a guy thats not so good with money can get too deep really fast. [/QUOTE]
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