"Till Debt Do We Part" w/Terry Betker

In this week’s episode, we chat with Terry Betker about farm debt in this episode aptly titled “Till Debt Do We Part.”

Terry is the President and CEO of Backswath Management Inc., based out of Winnipeg, Manitoba. Terry is recognized for his visionary and leading-edge contribution to farm management, and we are thrilled to have Terry join us on the show once again.

In this episode, Tracy and Terry chat about:

The golden question…is debt bad? Is there such as thing as bad debt? How much debt is too much debt? They chat about interest rates, the effect interest has on the farm, and they discuss the lending strategies of fixed versus floating interest rate. Terry also shares that due to the nature of farm transition, debt and financial management, often becomes increasingly important during the farm transition planning process. Terry shares some critical information about how to manage debt.

As a farmer, chances are, your farm has debt. So the question is. What is your relationship with debt? Are you using it as a tool or thinking of it as a burden? Is your debt appropriate to the amount of revenue on your farm? Answers to all these questions and much more can be found in this week’s episode. You will not want to miss this episode.

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