Posted by Goose on April 21, 2016 at 20:21:46 from (70.198.36.219):
I was talking today with a high school classmate of mine who retired from farming several years ago and turned the farming operation over to his son.
He said the other day his son was filling out a financial statement at their lender for operating money for the upcoming year. He didn't say which lender, and I didn't think it prudent to ask. Anyway, the loan officer said they had received 27 financial statements from farmers in the last two weeks, and out of the 27 only two showed positive cash flow for last year.
One of the two was my classmate's son, and he said the only reason he was positive on cash flow was because he'd made some west coast runs with his semi during the off-season.
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