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Real World/Real life Financials Course 102
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LawrenceWelk
Posted 1/24/2023 23:15 (#10058300 - in reply to #10058156)
Subject: RE: Real World/Real life Financials Course 102


Strasburg, ND
Reality speaks - 1/24/2023 09:25

your on to it. some can digest a 40 ac and some can digest 160 ac. Some can digest 400 ac.


Background info: I farm a little bit, and also help with the books for 23 local farmers.

Working capital is a farce. I work with 9 beginning farmers age 17 to 34. A couple of these farmers are on year 9 and 10 of the "beginning farmer" status. Still have hardly zero working capital. But yet they are successful, very competitive, and top performing farms. They do and can repay their debt and obligations every year. Working capital is just a cushion for the bankers.
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