kpb
Your comment - Quote - I am attempting to devise a scheme so that we don't lose 50% of the ranchers in the next little while. Or, failing that, that the ranchers who do leave are compensated for leaving. - end quote
Admirable ideas lead to great expectations.
Well, my wife and I entered into an expansion program prior to the disaster hitting us last year. We have put the brakes on in a big way - for obvious reasons.
But the damage was done. After our business plan acceptance by all the financial, accounting and legal people and so on - we spent a lot of borrowed money - knowing full well we would be in a deficit position for at least 5 years.
Then BSE hit one year after we started.
If we had not attempted to streamline and improve our operation we would have managed. But we are now down to zero savings and zero buffer. It is the debt we incurred in our expansion plan that has basically killed us.
If you want to formulate a plan - well, find a way to either pay off that debt or hold off the banks and we make it. For me and multitudes of others.
Bottom line - the banks do not wait and my non-existant money from cais does not cut it. I can name several in my area in the same canoe. So, find me 76K and all will be well as we will not live outside our means ever again. Same as we did before we took the unprecedented step of borrowing to improve.
You and I both know this is not going to happen. But hope can always spring eternal.
Hold back money is nice - for those who have some reserve - we have none and therefore have decided not to participate - not enough buckolas in the bank for us to participate in this program.
Regards
Bez
Your comment - Quote - I am attempting to devise a scheme so that we don't lose 50% of the ranchers in the next little while. Or, failing that, that the ranchers who do leave are compensated for leaving. - end quote
Admirable ideas lead to great expectations.
Well, my wife and I entered into an expansion program prior to the disaster hitting us last year. We have put the brakes on in a big way - for obvious reasons.
But the damage was done. After our business plan acceptance by all the financial, accounting and legal people and so on - we spent a lot of borrowed money - knowing full well we would be in a deficit position for at least 5 years.
Then BSE hit one year after we started.
If we had not attempted to streamline and improve our operation we would have managed. But we are now down to zero savings and zero buffer. It is the debt we incurred in our expansion plan that has basically killed us.
If you want to formulate a plan - well, find a way to either pay off that debt or hold off the banks and we make it. For me and multitudes of others.
Bottom line - the banks do not wait and my non-existant money from cais does not cut it. I can name several in my area in the same canoe. So, find me 76K and all will be well as we will not live outside our means ever again. Same as we did before we took the unprecedented step of borrowing to improve.
You and I both know this is not going to happen. But hope can always spring eternal.
Hold back money is nice - for those who have some reserve - we have none and therefore have decided not to participate - not enough buckolas in the bank for us to participate in this program.
Regards
Bez
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