debt load

[3 M L & C]

I would sell in a heart beat. With Bubba in office, there is NO WAY I would be in debt. You are losing money, the minute you fell in love with your cows. Moving sucks, but is doable, besides, this way you can get rid of anything you haven't unboxed from before.

I don't want to get to political here. But why would you be NO WAY in debt because of him? Interest is cheap and he's not going to be the president forever. Also I think a lot of people here really love there cows and aren't losing money on them. 720 lb steer right off the cow bringing $1225-$1275. Have two neighbors that sold recently that got those prices. Just because there not your main source of income dosnt mean your going to lose money on them. I don't know the right answer jigs. I have an irrigated quarter of ground I bought about 5 years ago. I have paid it down a lot and it's worth about 3 times what I paid for it. I thought real hard about selling it. But then I would just have to buy something else that is to overpriced as well be it grass or whatever. Also it's nice to not have to deal with another land lord that is calling every time the lease comes due wanting more money. When comparing renting to owning.

 

[RSL]

Sounds like a cross roads and a real challenge to me. There are sometimes tough calls to make and there is a difference between making a life and making a living.
Decisions are big when you are pulling in a double harness, but they are only half as big when you share them.
FWIW - Debt always seems to me to add a little edge to the blade of an operation.
I would watch my debt to equity ratio and your cash to debt servicing ability.

 

[Denny]

I don't let the economy scare me my Dad has been a Doom and Gloom preacher my whole life and all of his. He's near 70 now and never ceases to amaze me at the crockery in which he falls for. Do what you feel is best for your situation but I think it's much adoo about nothing.

Life is like rideing a green horse. Take a deep seat and sink your spurs.

If the economy tanks we'll all be broke together.

 

[kolanuraven]

we would just build on another piece of ground a few miles away. not sure I want to see people farming MY place, but this economy, has me thinking it is the right move to make... the wife came up with the idea out of the blue.....


we farm about 900 acres, if we sell the home place, we lose only 100 acres of farm ground... so the income will not be hurt that bad at all. after the capital gains tax, we can wipe out 100% of our debt, and only have the money borrowed that we will need to build a home....


tough call, but it looks smarter every day

Then, she can divorce you and take 1/2 of all that cash!! Smart gal!


:wink:


Sounds like a good plan to me!

 

[Big Muddy rancher]

we would just build on another piece of ground a few miles away. not sure I want to see people farming MY place, but this economy, has me thinking it is the right move to make... the wife came up with the idea out of the blue.....


we farm about 900 acres, if we sell the home place, we lose only 100 acres of farm ground... so the income will not be hurt that bad at all. after the capital gains tax, we can wipe out 100% of our debt, and only have the money borrowed that we will need to build a home....


tough call, but it looks smarter every day

Then, she can divorce you and take 1/2 of all that cash!! Smart gal!


:wink:


Sounds like a good plan to me!

So do you have your own TV show?


"Georgia Gold Digger"

 

[kolanuraven]

Hey, jigs is a big boy... ( or so he says :roll: ) and he asked a question.


If he ( or you) don't like the answers...don't ask the questions!! :wink:

 

[Big Muddy rancher]

Hey, jigs is a big boy... ( or so he says :roll: ) and he asked a question.


If he ( or you) don't like the answers...don't ask the questions!! :wink:

We know your just trying to break them up so you can have jigs ALL to yourself. :nod: :nod: :nod: :nod: :cowboy:

 

[jodywy]

we were under contract a few years ago before the crash was going to trade up from one cow(with 1/2 on the forest for the summer) to 5 cows and 1 acre for 20 acres mostly deeded . The deal fell thru the last day we did get Ernest money. Got a pocket listing and lookers right now but not many cow calf places in our price range a lot of summer grass places though. One big place we could pay half , finance half, sell a conservation easement after a year and have a 28,000 acre 700 cow place. But that is a lot of hoops to jump thru and a lot of debt if the easement did go thru

 

[kolanuraven]

Hey, jigs is a big boy... ( or so he says :roll: ) and he asked a question.


If he ( or you) don't like the answers...don't ask the questions!! :wink:

We know your just trying to break them up so you can have jigs ALL to yourself. :nod: :nod: :nod: :nod: :cowboy:

No that math won't work.

See, jigs would onlyy get half. So henceforth, I'd only get half of that half.

That's too much to put up with for only a quarter of the deal....not worth it!

 

[Traveler]

with the current market, and unstable future of this economy, my wife had a proposal yesterday that has me thinking....

we have a pretty high debt load, but if we sold our irrigated !1/4 we live on with the house and the new shop, sold off the cows, sold the cattle equipment on a farm sale, we would be debt free, and then purchase a house a neighbor is selling.

I am just getting this place to the point of how I want it, and hate to get rid of the cows, but we would be in a GREAT place financially to do this...

then we would look at buying a 40 and building a new home in a couple years.....


guess I am wondering what you guys think, if it is a step ahead or backwards

If the cows aren't showing much profit, it might not be a bad idea. Make sure you have a meeting of the minds on what you will budget for a new home. You might be unpleasantly surprised at the cost of construction by the time you break ground.

 

[Big Muddy rancher]

Hey, jigs is a big boy... ( or so he says :roll: ) and he asked a question.


If he ( or you) don't like the answers...don't ask the questions!! :wink:

We know your just trying to break them up so you can have jigs ALL to yourself. :nod: :nod: :nod: :nod: :cowboy:

No that math won't work.

See, jigs would onlyy get half. So henceforth, I'd only get half of that half.

That's too much to put up with for only a quarter of the deal....not worth it!

Ya but Jiggsy always wanted a "Sugar Momma" and he could help you have fund with the trust fund. :lol: :lol:

 

[loomixguy]

with the current market, and unstable future of this economy, my wife had a proposal yesterday that has me thinking....

we have a pretty high debt load, but if we sold our irrigated !1/4 we live on with the house and the new shop, sold off the cows, sold the cattle equipment on a farm sale, we would be debt free, and then purchase a house a neighbor is selling.

I am just getting this place to the point of how I want it, and hate to get rid of the cows, but we would be in a GREAT place financially to do this...

then we would look at buying a 40 and building a new home in a couple years.....


guess I am wondering what you guys think, if it is a step ahead or backwards

If the cows aren't showing much profit, it might not be a bad idea. Make sure you have a meeting of the minds on what you will budget for a new home. You might be unpleasantly surprised at the cost of construction by the time you break ground.

Whatever price you get...modular or stick built.....DOUBLE IT.....there's things you will want changed or tweaked. I know all about being homeless for almost 6 months while our house was being prepped to move, moved, and finished to the point we could move back in.

The nice thing about moving the house was the only thing we took was some clothes. All the furniture and household goods went for the ride.

Maybe you could now buy that tub grinder that I know you need.

 

[jigs]

we would just build on another piece of ground a few miles away. not sure I want to see people farming MY place, but this economy, has me thinking it is the right move to make... the wife came up with the idea out of the blue.....


we farm about 900 acres, if we sell the home place, we lose only 100 acres of farm ground... so the income will not be hurt that bad at all. after the capital gains tax, we can wipe out 100% of our debt, and only have the money borrowed that we will need to build a home....


tough call, but it looks smarter every day

Then, she can divorce you and take 1/2 of all that cash!! Smart gal!


:wink:


Sounds like a good plan to me!

so, after she leaves, are you wanting to date?

 

[jigs]

not a chance in hell am I buying a tub grinder.....