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USA | you owe the bank or lender around $400,000?? If my math is correct, that is. So, you are in debt to someone for something (land payment). That land debt should be calculated in as an input along with fertilizer, seed, chemical, rent/land payment, fuel and insurance. So, the way we were taught that land debt is an input like the regular inputs and then, technically, your 2009 inputs are not all paid for. | |
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Farm debt
