RANCHING Business
Kinchole. LLC. dba AGRI-INSURANCE Hondo, TX 78861 •
www.myagri-insurance.com
830-426-4175 or 800-467-3274
Drought Insurance
Deadline
NOVEMBER 15, 2013 for 2014 policy year
ground that falls into this category (bureau of land management, forest service, state land, national grass land).
13. How will you hold deed in the property? Will you own it individually,
jointly with a spouse, in a family owned entity (corp., LLC, LLP) or in a trust? The pros and cons of how you own the land will depend on your long-term goals.
14. Are there any environmental problems? The last thing you want to buy
Call for an agent near you
Tootie Ilse Hondo, TX 830-317-4175
John Paul Schuster Brackettville, TX 830-591-3243
Dan Kinsel Cotulla, TX 830-317-0115
å
Adrian Perez Freer, TX 361-207-0180
Sweetie McNair Driscoll, TX 361-816-7353
Waylon Koch La Vernia, TX 210-724-7722
Connie Giesenschlag Caldwell, TX 979-272-1084
is a costly environmental problem. Paying for an onsite environmental audit before you buy the land may be worth the cost and will help ensure you are not buying into an expensive cleanup.
15. How long will you actively farm or ranch? Make sure your fi nancing plan
matches the rest of your intended career as an active producer. Will you fully retire all debt from the acquisition before you retire? Do you have sufficient life and dis- ability insurance? No one knows more about fi -
nancial budgeting and cash fl ow planning than your banker. The American Bankers Association (ABA) recommends making an ap- pointment to talk with your banker about the signifi cance of purchasing land and how it will impact your business. ABA represents banks of all siz-
es and charters and is the voice for the nation’s $14 trillion banking industry and its 2 million employ- ees. The majority of ABA’s mem- bers are banks with less than $185 million in assets. Learn more at
aba.com.
54 The Cattleman November 2013
thecattlemanmagazine.com
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