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WCIL | Thanks everyone for the ideas and the insight. Right now I'm leaning towards going the half and half route. Before this year I was farming 125 acres and the extra 485 came up this winter. Before that coming up I wasn't going to need an operating loan, but now I've got one that should max out at about $200/ac loaned. The interest rate on that loan is less than the rate on the real estate loan which is why I've been leaning towards putting it all on the real estate. I've done a cash flow out into 2010 to get an idea of how things might shake up if crops are decent and prices remain stable. I'll still need to do some stress testing on that cash flow for a worst case scenario. Once again I appriciate the ideas and suggestions. | |
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Young Farmer Question
