Posted by dmiller on February 15, 2014 at 16:04:00 from (162.253.12.150):
Looking for input on operating loans. I'm finally at the stage where I think I have some equipment that I could go and rent/lease a lot more land than I currently do (about 120 acres of hay, but only 16 acres of grain ground. Want to find about 30-50 acres more grain ground). As I look for ground options I also need to look for an operating loan, no more cash avaible for seed/fert. I'm finding that though I think I have equip (67' 806, JD 70, JD 336 baler, 1091 Hesston Swather, JD7700 Combine, 73' C65 grain truck, along with some other things not worth mentioning but get the job done)the banks don't. I've been told that they don't want to loan on anything more than about 15 years old. Ideas or suggestions???
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Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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