SF3 called it

[farmaholic]

Found it...


Richard5 Reply posted Oct 8, 2015 10:25
Farmaholic and others:

If Input Capital is loan sharking then tell me how some of these so called "lease" companies are financing farm purchases.

When you can lease something with almost nothing down then I think we have huge problems.

Lease is debt, no matter how you look at it.

Input capital are dinks. In memory of Hopperbin
IP: Logged

[Richard5]

Oh I have no idea. I would expect no as he always talked about how he had great service and option with local CU

I just used a quote of his to express my opinion of companies like input capital

Like others have said, this is a last resort financing, maybe people in this position should look at a recovery of assets, not rolling the dice and risking it all or what's left

[angusman]

Shares down 45% this morning. They have a lot of "assets" and stand to gain a few hard assets. Might be a buy when it bottoms out from an investment point of view

[ajl]

To those with learning difficulties: Input is a loan shark because it is like having operating loans at 25% interest with land as security. Bank operating loans are at prime or prime 0.5% with land as security. So you are letting them have an almost risk free deal at 25% interest or more. Even the Mafia can't compete with this bunch.

[bucket]

Ajl

Ssssssshhhhhhh.!

Don't tell the guys that were given the farm or have an addiction to new paint.

[bucket]

Ajl

Btw most of the same type of farmer can't tell that the only thing that changes on machinery from year to year is the decals or the design of their hoods.

[farmaholic]

....bucket, in some cases, five more bushels in the grain tank and afew more HP....Justifies another 50K.

Another "CLASS" too ****ing funny!!

[Oliver88]

KABOOM!

Shares are down to $1.66 from $2.80 yesterday.

[stonepicker]

Ajl, i guess i have a learning difficulty. How did you come up with a 25% interest rate? Input called in the loan just like a bank would upon non payment of loan. If the farmer makes his payments, then your telling me that he is paying 25% interest? I don't think so. If he doesn't make his payments then its gonna cost him, just like a bank.

[Oliver88]

Their interest rate might actually be higher than 25% if paid on time.

If I understand it right is the farmer receives $372 per tonne for the "streaming service".

[farmaholic]

O-88, and the glory of incurring all the expenses to grow the crop. $372 equals $8.44/bu.

[stonepicker]

Well, i bought a few shares to speculate on them. lol