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Dave Ramsey says all debt is bad—but is that really true for farmers? In this video, I break down the two types of debt—good debt vs bad debt—and explain why most farms are unknowingly piling on liabilities that will eventually sink their business. If you're using debt to cover losses, make emotional purchases, or blindly follow outdated financial advice... it's time to rethink everything. I'll show you how successful operations use strategic debt to scale with confidence—and why your balance sheet is the key to long-term survival. Ready to take control of your farm’s financial future? Let’s make it happen. FREE Proven System Training That Has Helped 300+ Family Farms Eliminate Stress, Increase Profitability, Decrease Debt, And... Protect Their Family's Financial Future! → https://start.legacyfarmer.com/proven... Join our Free Legacy Farmer Facebook Community → https://www.facebook.com/groups/legac... Join our community of farmers dedicated to securing their farm's future. → / @jacedyounglegacyfarmer Find us on other platforms: Instagram: https://www.instagram.com/jace.d.youn... Facebook: https://www.facebook.com/JaceDYoungLe... TikTok: https://www.tiktok.com/@legacy.farmer... TIMESTAMPS: 00:00 – Dave Ramsey & Farm Debt 02:31 – Losing $300K in One Year 05:02 – What Holds Value on the Farm 07:34 – Equipment You Don’t Actually Need 10:04 – Real Due Diligence vs. Justifying a Purchase 12:34 – Debt as a Strategic Asset #familyfarm #americanfarming #farmerstories The information provided in this content is for informational purposes only and does not constitute financial, investment, or legal advice. While we strive for accuracy, the information presented may not reflect the latest market conditions, regulations, or developments. No guarantees are made regarding the completeness or reliability of this content. Before making any financial decisions, always consult a qualified professional. We assume no liability for any act