A possible rub.. the Washington Swamp Rats can't agree on a budget and we have a federal government shutdown and your expected mid October payment is delayed past your note payment commitment date.
Historically CRP/Uncle Sam is more reliable than a cash rent payment from a local farmer on rowcrop acres. These payment schedules are not designed for everyone. Communication with your lender is key when outside cash-flow challenges present themselves.
Fantastic information from Joe. He’s incredibly sharp!! Listen to the whole podcast!!
A possible rub.. the Washington Swamp Rats can't agree on a budget and we have a federal government shutdown and your expected mid October payment is delayed past your note payment commitment date.
Historically CRP/Uncle Sam is more reliable than a cash rent payment from a local farmer on rowcrop acres. These payment schedules are not designed for everyone. Communication with your lender is key when outside cash-flow challenges present themselves.
@deepwoodsgoathunter well...a few years ago our CRP payments were delayed due to a shutdown, so it does happen