Did I loose actual cash when the value of my land dropped after the 08 crash? I've got two feedlots full of cattle. If cash cattle prices fall between now and when they're finished, and at the sale barn, am I out actual cash, or only that I'll make less than I would if they were ready to go and I sold them today at todays price?
The only time you actually ''loose money'' in your financial account is if you bought an asset and you have to sell it for less than you paid out of pocket. Anything else is just some pie in the sky number that it's ''worth'' if you sold it right at this moment.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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