Tanner Winterhof

Right.

How quickly can you get cash to be able to pay your bills or honor your... So that Twitter debate was from Grant.

I've never been a collateral lender.

Now, there are folks, right, that will do collateral loans, but it's a very steep hill to climb if you don't have the cash flow.

It's tied to cash flow.

So if that farmland, if those 20,000 acres are in timber and they don't pick off a single dollar of income,

It doesn't help anything.

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Yeah.

Your example, if you have 20,000 acres of Iowa farm ground paid free and clear –

Yes, there's going to be cash flow that will allow you to take out debt.

But if you've got 20,000 acres of timber that has no cash flow, it's probably also only worth 50 bucks an acre.

Got it.

That you can never get anything out of.

So it's a balance.

Equity heavy land poor or cash poor.