- Location
- Owaka, New Zealand
There will be a new trap if you want one.Which is why my goals for the farm business have at the top ' being a debt free tenant' - I suppose the ultimate is being a debt free land owner, but I've got to be realistic.
Life will be so simple when I'm free of the 'trap'
We've got debt on our land so that "it is the trap", but I think that debt is something like 3% of our net worth or something similar.
It's 60% of the farm business and that helps keep things pretty real on the farm - we all know farm business isn't like other businesses! Imagine the damage that I could do if we tried to play with 20 mill on 100 acres....