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Dairy farmers bank on leases
9 Dec 2004
More than 25,000 dairy cows are now under lease through Cowbank, a specialist owner of cattle hoping to persuade farmers to rent rather than buy. Farmers can lease cattle and thus bring their milk production levels back up to normal in one season without adding to their overall debt, and without the normal two or three year time lag to rebuild herds. Cowbank said leasing means the stock and associated debt are kept off the balance sheet, and classified as an operating lease with associated tax benefits that may imply.
The Land, 09/12/04
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