RFF 0.98% $2.07 rural funds group

i know this is an amateurish question by gearing of 35% means...

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    i know this is an amateurish question by gearing of 35% means this as an example.

    A Farm is worth $1 million, and the owner has a $350,000 loan on that farm, thats 35% gearing isnt it?

 
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