How am I supposed to run a ranch if you sell everything we own?[Rip Wheeler]Well, a business shouldn’t own anything outright, Rip. You put a mortgage on the land, you get a chattel loan for the horses and the cattle, auto loans for the trucks, equipment loans for the tractors. You service the loans with the mortgage, and you service the mortgager with the proceeds of the sales of the horses and the cattle. And you never pay any income tax because you never show a f***ing profit no matter how much money the ranch makes.[Beth Dutton]
