SE IL | sloughclub - 1/7/2025 11:04
I say something is worth what it’ll bring , could be wrong , I have been plenty of times
Problem is farmers rarely are “selling today”. Most only sell if forced to, so it’s important to keep in mind a value for what it would sell for in that scenario. If that happens the value will be much less than today, because there will be others in the same situation.
Edit to add: it was mentioned couple weeks ago that values should be different depending on the purpose. For estate planning and insurance today’s actual values probably would be good. For borrowing purpose, probably wise to be very conservative on values of owned assets.
Edited by Deere6 1/7/2025 13:58
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Sand 85. Great post and worthy of discussion
