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SW Ontario | Not saying the owned operation has no debt, but has the security/equity (1000 acres owned) to buffer difficult times. Therefore banks are more willing to accept a higher debt/EBITDA number. Farms running a high percentage of rented acres are typically higher risks to banks (operating and machinery debt)and therefore it would be expected to be able to pay their debt down faster.
Edited by SilverClayON 3/23/2024 06:04
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Farm level Debt / EBITDA
