Well i guess farmers still have a lot of money, - The Combine Forum
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post #1 of 40 (permalink) Old 12-04-2014, 01:28 PM Thread Starter
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Well i guess farmers still have a lot of money,

I hope this link works

Saskatoon auction breaks records

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post #2 of 40 (permalink) Old 12-04-2014, 01:39 PM
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Lots of debt too..

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post #3 of 40 (permalink) Old 12-04-2014, 01:56 PM
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Every one adopting the Broadacre and One Earth business model. Should be good Where's my popcorn?
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post #4 of 40 (permalink) Old 12-04-2014, 08:38 PM
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Every one adopting the Broadacre and One Earth business model. Should be good Where's my popcorn?
I hope so, and about a 3% rise in interest rates!
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post #5 of 40 (permalink) Old 12-04-2014, 08:45 PM
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If we have a 3% rise in the prime rate half the people in Canada will be in trouble not just farmers ,it's only us older guys that paid 15 to 21% that will survive we been there.
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post #6 of 40 (permalink) Old 12-04-2014, 09:03 PM
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An average price of $23,000 per item isn't too terrible when considering ag machinery, if I did my math right.
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post #7 of 40 (permalink) Old 12-04-2014, 09:05 PM
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I'm young

In **** piles of debt but its all (all long term debt) locked in for twenty years at 5%, pay a bit more now for security in the future. Sorry but life has taught me to borrow and buy.

Is it risky? yes everything has risks. Would love for someone to explain to me how the **** I get farming without all this debt. Saving up would have been the stupidest thing I could have done, woulda had to save pretty fast when land prices double every time you turn around.

So look down at me cause I'm loaded with debt if you want, its the only way I could do it (sorry dad didn't give me the farm). I know its been said before but I started with nothing and if that's what I end up with then I haven't lost a thing.

Currently 30 years old with a net worth most people would have to work their entire lives to achieve and I bought it all, don't farm dad's land only my own, no silver spoons here, I'll admit I did have help with machinery, but other than that nothing just hard work and debt.
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post #8 of 40 (permalink) Old 12-04-2014, 10:07 PM
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9 percent interest would be pretty awesome i'd say
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post #9 of 40 (permalink) Old 12-04-2014, 10:11 PM
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9 percent interest would be pretty awesome i'd say
Awesome for who? The economy would crash. That would be great....

Brent.
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post #10 of 40 (permalink) Old 12-04-2014, 10:36 PM
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Pretty easy to tell who doesn't have debt. I don't want to see everyone ruined, just the yappy f*****s with all the fancy toys and not a single thing paid for. The ones that are superior to all the guys with the 10yo equipment, lol. Like one earth and broadacre, plus a few select smaller injection nozzles.


Last edited by Hillbillyreefer; 12-04-2014 at 10:38 PM.
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