Dairy Chitchat 4, an udder new thread.

i changed the tractor during the week got it with a loan ,she will do me until i retire money was crazy with my tractor ,but what am i working for i have even more comfort now ,i have very little repayments before hand and i know the repayment capacity of my operation every year,i have no one coming after me so my retirement plan is to sell the ground and go see some of the world , i dont give one fiddlers what any one else thinks or says i just get on with my own life spend my own money the way i want and on who i want, rant over……..

Was at a new entrants meeting with tirlan earlier in the week where they had a lending specialist there doing a talk and answering our questions.One thing he pointed out was how some farmers are inclined to kill there cash flow by spending there own cash as opposed to borrowing for the likes of infrastructure or genetics.

He would wouldn't. Thats how he makes his living, getting comission on every victim he signs up.

He was from an accountancy company not lending company..no skin in the game from what we could see

Was probably 12 of us there,half were in their 1st year milking already the rest were looking at setting up in the next year or 2.Goin with tirlan simply as they are the only ones collecting in my area.There is 1 big Stratroy supplier but when I enquired they weren't too clear how collections would work out

Right or wrong I finance most things here as much as possible, but aim to pay them down a lot quicker than the repayment plan. Between that and farming in a Ltd company it’s allowing us great flexibility in terms of what to do with any surplus cash in the business

thats fine for you.. you have a son that is a genius at fixing tractors and machinery… im guessing Mahoney_J doesnt..

the tractor we bought at the end of 2022 was 150k but you said it to me yourself that it was a tractor that we needed… it'll be paid for next year or the year after.. have to say the loan is not causing me too many sleepless nights..

each to their own really on the finance v cashflow.. but with the inflation we are having with past few yrs id be leaning towards finance…

Would have done both from cashflow and lending over the years. And still have borrowings. Find with machinery,a deprecating asset best to buy as you can afford it. May leave you tight for a month or two but free again after it. A lot of freedom when you don't have payments to make to justify a machine. Borrowing for land makes more sense in my opinion as although it may fluctuate its floor value will always be substantial. I find it similar to all the new suvs on finance outside any school. As soon as the payments are cleared most jump on the train again. If your willing to pay interest for the luxury of finance I find it hard to justify how you wouldn't have the funds amassed in the 3 to 5 years previously or else wait that time and buy straight

Ther is a fear of you after that ball of money you made last week.