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Farm Business
Agricultural Matters
Recession my arse
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<blockquote data-quote="jendan" data-source="post: 8274519" data-attributes="member: 51810"><p>We borrowed from the AMC at 14% fixed to buy a small farm in 1974,and an overdraft for another half of the amount,It wasnt easy but doable. Variable costs were lower and produce sales were higher in real inflation adjusted terms.Thats the difference. All the work was done by David Brown 990s,which you could pick up a very decent 2nd hand one for £700-£800. Full time Labour,£40-£50/week,or £2/hour self employed. Red diesel and electric cheap,and no Council Tax,although rates but most exempt.</p></blockquote><p></p>
[QUOTE="jendan, post: 8274519, member: 51810"] We borrowed from the AMC at 14% fixed to buy a small farm in 1974,and an overdraft for another half of the amount,It wasnt easy but doable. Variable costs were lower and produce sales were higher in real inflation adjusted terms.Thats the difference. All the work was done by David Brown 990s,which you could pick up a very decent 2nd hand one for £700-£800. Full time Labour,£40-£50/week,or £2/hour self employed. Red diesel and electric cheap,and no Council Tax,although rates but most exempt. [/QUOTE]
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Recession my arse
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