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Livestock
Dairy Farming
OAD milking for dairy entrant
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<blockquote data-quote="JohnB3" data-source="post: 8509945" data-attributes="member: 173691"><p>I googled the price of kg milk solid in nz and you might be a $ or 1.5 strong at $10.5 but even at that I wouldn't enjoy the idea of a third of my income before expenses going to serve my loan. There must be half the money ,a 50% down payment in savings for this loan to be granted . As for the extra money that will come from the purchased land , its my experience banks don't care what you might make from your new land only that you can pay for it from what your doing already. </p><p>I would love these maths to work but cant see how. Thank you for your answer and if you can educate me how this would work I'd be delighted to be providing wrong.</p></blockquote><p></p>
[QUOTE="JohnB3, post: 8509945, member: 173691"] I googled the price of kg milk solid in nz and you might be a $ or 1.5 strong at $10.5 but even at that I wouldn't enjoy the idea of a third of my income before expenses going to serve my loan. There must be half the money ,a 50% down payment in savings for this loan to be granted . As for the extra money that will come from the purchased land , its my experience banks don't care what you might make from your new land only that you can pay for it from what your doing already. I would love these maths to work but cant see how. Thank you for your answer and if you can educate me how this would work I'd be delighted to be providing wrong. [/QUOTE]
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OAD milking for dairy entrant
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