RB auctions

[vvalk]

GGot the new rb catalogue and as always I have to wonder who gets the money, bank or seller. Yea right away some will call me jealous but I just can't see the size of these operations with the risk levels of farming. I am of the belief that a lot of them went in fully planting on failing, but putting enough to leave wealthy and let the lenders pick up the losses.
HHonestly now how many BBTOs could finance there own operation without credit,. One advantage of being moderate is most of us own what we posses. Just curious not blaming or jealous.

Why would you ever self finance the whole thing? Even if you had the money you would use that somewhere else and still borrow. If you plan to continue in any business without financing I wish you good luck. You want to compete with 100% dollars against 20 to 25% dollars? With interest rates between 2 -and 2.75%?

[sofa.king]

The world would be a better place if you needed more than a heartbeat to borrow money. Think some higher interest rates would cure the problem.

[Horse]

GGot the new rb catalogue and as always I have to wonder who gets the money, bank or seller. Yea right away some will call me jealous but I just can't see the size of these operations with the risk levels of farming. I am of the belief that a lot of them went in fully planting on failing, but putting enough to leave wealthy and let the lenders pick up the losses.
HHonestly now how many BBTOs could finance there own operation without credit,. One advantage of being moderate is most of us own what we posses. Just curious not blaming or jealous.