Is farm equipment a liquibile asset?

Anonymous-0 · Nov 18, 2010

Is Farm equpment a liquidible asset. on my loan aplication from Farm Credit they ask amount of liquidbile assets $

3020jd2955 · Nov 18, 2010

Equipment is almost always considered an intermediate term asset (1-10 years) not a short term liquid asset.

Allen57 · Nov 18, 2010

Liquid asset means an asset that is easily turned to cash with little or no loss in value. Such as accounts receivable, stocks, bonds, cds, bank accounts, and precious metals.

In order to quickly sell your farm equipment you may be forced to sell way at a discount. It is definitely an asset but one that I wouldn't consider liquid since it may take a fair amount of time to get a fair price for it.

Anonymous-0 · Nov 18, 2010

I think they want assets that can be immediately turn into cash should things go belly up.And which holds or increases in value. If it decreases they may call for additional collateral.The loan is not covered.

Dean · Nov 19, 2010

No.

Dean

Anonymous-0 · Nov 19, 2010

Only the manure spreader

jose bagge · Nov 19, 2010

Most equipment is considered a fixed asset...typically on 5 year deprectiation for tax purposes, i think.

Kevin Schmidt · Nov 19, 2010

Yep, thats right....

BillinCentralMO · Nov 20, 2010

I can't believe they asked you about liquid bile and where your assets? You sure you read that correctly?

Is farm equipment a liquibile asset?

Anonymous-0

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jose bagge

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