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 - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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