Kit and I discuss the role that debt plays in a ranch business. It certainly can have a place to help a business when used wisely. However, Kit believes, and I agree, that it's not a necessity and that freeing yourself from debt can lead to a more enjoyable business with more peace of mind. He talks about what he thinks may be acceptable uses of debt, and what is never ok to borrow to own.
As always, check us out at Herd Quitter Podcast on Facebook and Instagram as well as at Herdquitterpodcast.com. You can also check out Pharocattle.com for more information on how to put more fun and profit back into your ranching business!
This is a companion discussion topic for the original entry at https://anchor.fm/jared-luhman4/episodes/19-Kit-Pharo---Debt-in-a-Ranching-Business-e12nfrf