Did I loose actual cash when the value of my land dropped after the 08 crash? I've got two feedlots full of cattle. If cash cattle prices fall between now and when they're finished, and at the sale barn, am I out actual cash, or only that I'll make less than I would if they were ready to go and I sold them today at todays price?
The only time you actually ''loose money'' in your financial account is if you bought an asset and you have to sell it for less than you paid out of pocket. Anything else is just some pie in the sky number that it's ''worth'' if you sold it right at this moment.
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Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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