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Livestock
Dairy Farming
Investing profits verses borrowing money to grow/stand still
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<blockquote data-quote="puppet" data-source="post: 8367002" data-attributes="member: 25962"><p>I have always regarded a debt as something to be paid off as soon as possible as it is just like paying someone to sit in the kitchen and the banks have had plenty off me and the taxpayer. Borrowed for tractors, sheds and slurry stores but quick payback usually over 2 years to ease cash flow. </p><p>Started from scratch 22 years ago with a job to support us through some difficult times when buying a new gate involved some planning. Then suddenly there is a tipping point when the stock numbers increase and cash is enough to plan some bigger purchases and service a loan..</p></blockquote><p></p>
[QUOTE="puppet, post: 8367002, member: 25962"] I have always regarded a debt as something to be paid off as soon as possible as it is just like paying someone to sit in the kitchen and the banks have had plenty off me and the taxpayer. Borrowed for tractors, sheds and slurry stores but quick payback usually over 2 years to ease cash flow. Started from scratch 22 years ago with a job to support us through some difficult times when buying a new gate involved some planning. Then suddenly there is a tipping point when the stock numbers increase and cash is enough to plan some bigger purchases and service a loan.. [/QUOTE]
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Dairy Farming
Investing profits verses borrowing money to grow/stand still
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