Operating Lines

[Oliver88]

The numbers. Just for you... hmmm, maybe I better not. It is a lot of money an acre to buy that land at 320 000!

$2000 per acre? Yikes.......I agree.

[Horse]

Not trying to be nasty to Klause but what is the difference of family ties compared to exorbent oil wages to get into farming or out biding your niebor because you have $1500/ day wages?

[farmaholic]

In my immediate area it's trading for about $1500. About 8-10 miles away is the stuff that brought $2000, assessments about 83-93000, clay loam good drainage. The stuff around me is more variable(near the same to 10-15000 less assessment), sandy loam and clay loam. But still kinda the same stuff, rollier(Weyburn loam classification),good enough to make a living on(with low expectations-LOL):-)

[blackpowder]

Klause. Its easy, stop reading all the "farm" mags. Youll feel a lot prouder of what've got and earned when you stop needing validation from rock stars.

My bank allows $200/ ac revolve.
On top FCC allows what seems a no questions asked amount for inputs thru dealers. And of course there are the advances.
The trick is to keep robbing peter to pay paul, robbing paul back again while hes sleeping, and peter wont know the difference. But you better!

[malleefarmer]

hmmmm I inherited land hopefully that doesn't make me a arsehole, I got divorced my ex wife thought I was a arsehole, I sold land and borrowed money to fund divorce banks liked me not a arse hole, got a new model she thinks im not a arsehole, bought more land 10 years to get back were I was the banks don't think im a arsehole,had a few lean years banks think im a arsehole again, changed my farming structure changed banks they love me again......full circle sorry klause doesn't answer your question. PS the exwife has had two models since but both still in used man yard she hasn't been paid for change over yet.....I treid to warn em lol

[malleefarmer]

ps going from 27 to 32 funding proposal with our banker at moment wish us luck and ps like klause im definitely not farmer off the year will a zillion % equity

[ado089]

I'm not going to say I did it all on my own but I didn't get to walk into a fully funded operation and start collecting a six figure "salary" either. I turned 26 with $1.5 million of my own debt used to purchase land and machinery,none of which has a co-sign. I have access to close to $300/ac of credit, almost half is from the bank on a revolving line of credit. Some Scotia line, some PHI, and the rest is cash advance. Some years I use none others I've tapped it out. My advice for what it's worth is to get credit while it's still easy to get because it will without a doubt tighten up.

[freewheat]

I guess I will ask again. Without paid for land, I have a heck of a time getting much of a loc. Banks seem to want that backing.

So how do you get a big ol loc without paid for land? I did notice one guy said someone just uses production numbers??

I always tried to get a real loc that would free me up for repayment terms etc. but without a single quarter of land paid for, I be screwed...

[freewheat]

hmmmm I inherited land hopefully that doesn't make me a arsehole

The fact of inheritance is not what makes you an arsehole. What makes an arse, is when you refuse to accept it, and deny it.

No, ye ain't one. Not even close.

[farmaholic]

Would FCC have anything to offer? Other than input credit?

Someone mentioned "advances". Borrowing from the future...

You might get credit extended against your land equal to a percentage of your equity in the land. Not saying it has to be paid for.

Use credit wisely

A banker once said to me, NO CREDIT IS BETTER THAN BAD CREDIT!!!