I would love to use a processor and cut my hours per cord from four hours per cord down to one, especially as humid as it was today.... However, if I borrowed to buy a processor, payments would leave me short of cash to buy logs. So I work with what I have because I'm under funded.
If I had a processor, on paper I could increase profits, but I would also have to borrow more to purchase a much, much greater volume of logs. It may even be worth it, but I'm not comfortable borrowing that much, even though I could if I used the house (our house not my house) for collateral.
Comes down to what your comfortable with. And, I'm comfortable where I'm at...in our house (which is paid for).
Besides, by me, fewer and fewer people use firewood in fireplaces and wood stoves, as more and more of my sales are small orders for fire pit wood. Pellet stoves and natural gas is much more convenient these days in newer homes and condos, for young and old a like. Insurance companies favor those alternatives as well.
We did make a, large for us, purchase on credit this year, replacing a car we bought new in 2005, with a new car. Zero percent, zero down, and a full tank of gas. Nothing fancy, but new was cheaper than financing used, we shopped hard on price, and, the money set aside for a car the past few years is still in the bank. We stuck with a basic plan, and said no to sun roofs, leather interiors, and loaded electronics, which were all very, very tempting to take home, with just a signature.
Wait, Funing is a province in China
