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<blockquote data-quote="Spud" data-source="post: 5201932" data-attributes="member: 78"><p>One needs to remember, [USER=321]@Walterp[/USER], that not every farms cashflow is as flat as say a pig or dairy Farmer.</p><p></p><p>When my father came here 30yrs ago, his new bank manager wanted to see flat cashflow forecasts. Father said that on arable farm, that's nigh on impossible. Still he was insistent. Father told him to bugger off and learn about the seasons of agriculture.</p><p></p><p>I have a simple rule re the overdraft. The figure matters not one jot, as long as the balance goes as high in the black as it does low in the red, I'll not worry.</p><p></p><p>There are many industries running with more debt and lower profit margins than farming, with less assets too. With that, and the fixed nature of farming (it's not like we can empty an industrial unit and do a moonlight flit is it!) farming is a far safer bet to a bank than many other professions.</p></blockquote><p></p>
[QUOTE="Spud, post: 5201932, member: 78"] One needs to remember, [USER=321]@Walterp[/USER], that not every farms cashflow is as flat as say a pig or dairy Farmer. When my father came here 30yrs ago, his new bank manager wanted to see flat cashflow forecasts. Father said that on arable farm, that's nigh on impossible. Still he was insistent. Father told him to bugger off and learn about the seasons of agriculture. I have a simple rule re the overdraft. The figure matters not one jot, as long as the balance goes as high in the black as it does low in the red, I'll not worry. There are many industries running with more debt and lower profit margins than farming, with less assets too. With that, and the fixed nature of farming (it's not like we can empty an industrial unit and do a moonlight flit is it!) farming is a far safer bet to a bank than many other professions. [/QUOTE]
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