Hope you don't mind @Bossfarmer but thought this might be a different take on it, and would be interesting to see if the spread of results is alot closer in correlation compared to the monetary values on your thread.
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When I visited Denmark with our dairy group 15 years ago it was considered normal to have a gearing of 80-90%!!!
Most owner occupier farmers are likely to be in the same bracket though as land is worth so much
Or under the mattressThere is no option to vote for money in the bank
Fractional reserve bankingwhere do the banks get the money from to lend to farmers
where do the banks get the money from to lend to farmers
Sounds sh!t tbhAssets rich ,penny poor common senario's
Did this calculation last month. 2020 started ok, picked up brilliantly in the middle and finished fücking awful. Now in a worse position than 12 months ago.
Next 12 months should be good though.
I read somewhere that average gearing of UK farms was 11% I think. With tenants being in the high 20%s
Am I missing some thing ?WTF why would tenants be running 20%+ debt?
0%. Anything over that is stupidity