C) Borrow funds by refinancing against your land. To show this, enter the necessary amount under New Loans to Receive, New Loan Against Farmland, to…
C) Borrow funds by refinancing against your land. To show this, enter the necessary amount under New Loans to Receive, New Loan Against Farmland, to be received in December. D) If you were planning a purchase of machinery or a combine, you may have to postpone it, or increase the amount you plan to borrow to make these investments if you are not already planning to borrow the maximum. Is your net cash flow for the whole year positive now? _____________________________________ Now you need to project a positive ending cash balance at the end of each one of the two-month periods (cells F84 through K84). Budget for an ending cash balance of at least $1,000 in each period, to allow some margin for error. Is the projected Ending Cash Balance for each period at least $1,000? If so, congratulations—you are done! If you have lots of cash left over at the end of the year, you can pay off any remaining operating loan or more principal on land or machinery loans. This will save you int
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