Yesterday's Tractor Co.
Shop Now View Cart
   Allis Chalmers Case Farmall IH Ford 8N,9N,2N Ford
   Ferguson John Deere Massey Ferguson Minn. Moline Oliver
Classified Ads
Photo Ads
Tractor Parts

Discussion Forums
Project Journals
Tractor Town
Your Stories
Show & Pull Guide
Events Calendar
Hauling Schedule

Tractor Photos
Implement Photos
Vintage Photos
Help Identify
Parts & Pieces
Stuck & Troubled
Vintage Ads
Community Album
Photo Ad Archives

Research & Info
Tractor Registry
Tip of the Day
Safety Cartoons
Tractor Values
Serial Numbers
Tune-Up Guide
Paint Codes
List Prices
Production Nbrs
Tune-Up Specs
Torque Values
3-Point Specs

Tractor Games
Just For Kids
Virtual Show
Museum Guide
Memorial Page
Feedback Form

Yesterday's Tractors Facebook Page

Related Sites
Tractor Shed
Ford 8N/9N Club
Today's Tractors
Garden Tractors
Classic Trucks
Kountry Life
Tractor Talk Discussion Forum

Re: crash course on land buying (long post)

[Show Entire Topic]  

Welcome Guest, Log in or Register
Author  [Modern View]

12-12-2012 05:57:10

Report to Moderator

Over the years, I've made more buying and reselling small farms than if I'd held them and farmed them. By doing so, I've had the opportunity to work with a number of "beginners" with minimal resources and big dreams. The one thing that separated the winners from the losers (in terms of who the banks were willing to work with) was the winners had a detailed business plan to show bankers they had some clue of how they would pay back the money they were trying to borrow. Just walking in and telling them you have a dream and a passion ordinarily won't cut it.

Talk with bankers. Talk with an attorney. Talk with real estate agents. And consider taking a few ag management courses (on up to a full blown degree. NOTHING trumps a good education) A GOOD real estate agent and/or a good banker will not want to waste their time working a deal that is hopeless from the get-go. They'll recognize the POTENTIAL for a sale if you have it, but they're gonna want to see you have a fighting chance before they spend hours and hours just to be turned down.

About 15 years ago, I bought a 90 acre tract just down the road from me. I had no intentions of keeping it. In 2009, a young man approached me about buying it. He had little more than you speak of, but he had a solid plan to make the property pay for itself. (along with some good credit history) He got accepted, bought the place, and is now farming quite a bit more ground. He's after me to sell him another tract I'm wanting to sell. (we just need to agree on a price) Point is, you CAN do what you want, you just have to prove to a sometimes skeptical banking world you know enough to make a dream become a reality.

[Log in to Reply]   [No Email]
Rich Iowa

12-12-2012 06:10:25

Report to Moderator
 Re: crash course on land buying (long post) in reply to MFPoor, 12-12-2012 05:57:10  
Thank you for the help. I am still working on a business plan. Have a very good idea on what I plan to do, just haven't gotten it all down on paper yet.

[Log in to Reply]  [No Email]
[Show Entire Topic]     [Options]  [Printer Friendly]  [Posting Help]  [Return to Forum]   [Log in to Reply]

Hop to:

Fast Shipping!  Most of our stocked parts ship within 24 hours (M-Th). Expedited shipping available, just call! Most prices for parts and manuals are below our competitors. Compare our super low shipping rates! We have the parts you need to repair your tractor. We are a company you can trust and have generous return policies. Shop Online Today or call our friendly sales staff toll free (800) 853-2651. [ About Us ]

Home  |  Forums

Copyright © 1997-2016 Yesterday's Tractor Co.

All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy

TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.

Yesterday's Tractors - Antique Tractor Headquarters