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Financing Cows/Heifers
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Kooiker
Posted 5/7/2024 21:35 (#10732598 - in reply to #10732547)
Subject: RE: Financing Cows/Heifers



dabeegmon - 5/7/2024 21:11  Dunno about there but here - - - - 20% down - - - you need significant other farm assets - - - all of which they would tie up. Here they were looking down their noses at 20% - - - actually expected over 40% - - - which was nuts!!!



Putting myself into the bankers shoes, he'd have to be friggen nuts to loan money on high priced cows with 20% down and no other collateral.

Livestock can quickly become dead stock.

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