Yes and no. We keep a lot more liquidity on hand than most because we spent so many years farming and it takes cash to run those operations when you're buying fuel 10,000 gallons at a time or seed or fertilizer or repairs we cycled through more cash in a year than most people will see in their entire lives. So we keep almost 20% of the estate in short term treasury funds that we can write checks on.
And now that we lease the land my father's income is 12x his living expenses and our ours is about 5x our living expenses. And with the market reaching 1929 levels of valuation, or overvaluation, we've just been putting the excess into those money market/short term treasury funds because something is going to give and it's going to make 2007/8 look like a blip.
Yes and no. We keep a lot more liquidity on hand than most because we spent so many years farming and it takes cash to run those operations when you're buying fuel 10,000 gallons at a time or seed or fertilizer or repairs we cycled through more cash in a year than most people will see in their entire lives. So we keep almost 20% of the estate in short term treasury funds that we can write checks on.
And now that we lease the land my father's income is 12x his living expenses and our ours is about 5x our living expenses. And with the market reaching 1929 levels of valuation, or overvaluation, we've just been putting the excess into those money market/short term treasury funds because something is going to give and it's going to make 2007/8 look like a blip.