I have a Gleaner M and would like to buy a newer combine like a Case 1680. I farm about 200 acres now but have plan's for more acrage later. A good friend hires his combining and has about 150 acres with plans to go abit bigger. He has talked about getting a combine also. Would it be advisable to see if he would like to split the cost and get a combine togather?
- Thread starter Les Bales
- Start date
Bob Bancroft
Well-known Member
- Location
- Aurora NY
It would be the rare friendship that could withstand the pressures of marriage. And that's the way you have to look at it when owning things jointly. Would your friend buy your M while you buy something else?
Anonymous-0
Well-known Member
depends how good a friend and how long you want to stay friends, sometimes those deals work and often they don't unless you agree to share all costs 50/50 no matter the circumstances or who was running it when it broke down and agree to work together on who's crop gets done first ect, better off to buy it yourself and treat him right on custom rates
ScottyHOMeY
Well-known Member
You know the nature of the friendship best, but if you value it at all, be careful.
Partnerships always have to be ended sometime, usually there are hard feelings and friendships lost. My suggestion would be one person to buy and do custom work for the other person. If it doesn't work out satisfactory to both persons, its easy for each party to go their own way.
Joe
Joe
Either buy it yourself and rent it to him or have him do it. Too many problems creap up: 1) who pays insurance/storage/maintenance/fuel 3)are you willing to charge him your labor if you have to work on it 4)what if he gets divorced or you do 5)what if one of thinks the other is abusing it 6)what if a friend of his wants to borrow it 7)what if you think it needs something and he doesn't and doesn't want to pay?
I know you're friends, but questions like this have a tendency to put a strain on a friendship. I know.
I know you're friends, but questions like this have a tendency to put a strain on a friendship. I know.
The time to determine how you might split up eventually is...before you enter into an agreement. Consider establishing a price, who has first choice to buy out, etc. Formula for difference in acreage, splitting parts expense. Consider charging larger user a custom price for extra acres.
keep your friend. one gets the combine and the other get something else you both need. you both get wright off the equitment. just have to figure who harvest first. my grandfather use to do this with other family menbers. they worked together to get the harvest done. more hands, work get done faster and cheeper. just thought check with your acct. and see what they say about the the ideal? david
Anonymous-0
Well-known Member
I don't know a lot about an M, but it would seem like that machine was designed and marketed for at least 200 acres.
I avoid debt and partnerships.
Glenn F.
I avoid debt and partnerships.
Glenn F.
Gene Davis (Ga.)
Well-known Member
Friends get rid of your money or money gets rid of your friends.Found this out the hard way. You cannot own major purchase on halves with a friend. It was his when it ran and mine when it tore up.
I know of folks who have done things like this in the past and most of the time it works out pretty good if you have two pretty good folks working together. Even if you have good folks working together a year like we have had this year will put a strain on things. I know two brothers who shared a tobacco setter. I piece of equipment that only gets used a few days a year even by the big time guys (mine gets 4 hours). These two brothers raise 8 to 12 acres each and have always spread their settings out so it was not all ready to top and cut the same day. One year it rained and rained (like this spring here) and the guy who had the setter got started and had some trouble with his tractor. The other brother went to get it while he was working the tractor, words were said, pushing started and the one waiting for the setter went and bought a new one. The one who had the setter would not pay for the other half of the old one they had bought together. The one with a new one threatened to cut it in half, but ended up pulling it to a consignment sale and told his brother he had done it the night before the sale and said he could buy it back if he wanted. He did and they have not spoken since. This was 3 years ago and they live a mile and a half from each other. If me and a buddy were thinking about about a deal like this I think I would decide on one of us getting a good combine and the other getting two good trucks. Work together and any break downs are owners problem and if something comes up one of you could hire out the combining and the other could hire out the trucking. A year like this where no one around here has been able to work two full days in a row for the last 6 weeks would but a hurting on a partnership.
Good luck.
Dave
Good luck.
Dave
Bill Longstreet
Member
We have several people that co-own land with us. That part works out fine. I own all the equipment and would never have a partner in it. It is bad enough when you have to have the bank as a partner. What would happen if one of you were to get divorced or die? My sister had land with some in-laws. When he lost his job a few years ago he forced her to buy him out or sell all the land. She had too much in it to let it go so she had to get loans to pay him off.
Bill
Bill
Anonymous-0
Well-known Member
Don't do it. Too many headaches. I know of one father-inlaw that has not spoken to his son-inlaw for years over problems that developed with shared machinery.
Anonymous-0
Well-known Member
I wouldn't do it, may be the end of a friendship down the road. Have seen other folks go in together on purchases and it ends up with feelings getting hurt or one person uses it more and other person doesn't keep up the maintanance and so on. Might work out fine for you and your friend but I've yet to see it work well for others.
Anonymous-0
Well-known Member
Why don't you buy a machine and have him hire you to combine his crops. Win/win there.
Anonymous-0
Well-known Member
It won't work, even if your sleeping with him,,, trust me,,,, zeke
mazemeister
Member
when the crops are in the field and the weather is about to turn nasty, who gets to use the combine?
when a major breakdown happens in the middle of harvest, do you hire it fixed so you can be in the field tomorrow or fix it yourself much cheaper but are out of the field for a week?
If your farm can (financially) justify the Case, and your friend's farm can justify buying the combine he's been talking about, both of you buy a combine, then when one breaks down, or one finishes first, you help each other out running your OWN machines. if you break down running YOUR combine, then you fix it the way YOU want.
when a major breakdown happens in the middle of harvest, do you hire it fixed so you can be in the field tomorrow or fix it yourself much cheaper but are out of the field for a week?
If your farm can (financially) justify the Case, and your friend's farm can justify buying the combine he's been talking about, both of you buy a combine, then when one breaks down, or one finishes first, you help each other out running your OWN machines. if you break down running YOUR combine, then you fix it the way YOU want.
Anonymous-0
Well-known Member
;NO NO NO NO NO NO NO NO NO You understand NO!
fixerupper
Well-known Member
Hire it done. You'll cut the harvester a check when he's done and it's over with. No arguments over what to fix, who used it more, no arguments that the hydro went out cause someone's field is hillier, softer, muddier than the other person's, and no static from the two wives (yes, I've seen it).
Combines cost a bunch of money to keep maintained. A bearing goes out, wears the shaft, the shaft breaks, goes cockeyed, throws a chain off the sprocket, chain wraps and bends another shaft. You go to the salvage yard thinking you'll save money only to find every combine is missing that shaft cause they all break. Dealer wants $500 for a new one. This is a very real story.
If you still want to do your own harvest, buy one yourself and keep it in good shape. Do you have the knowledge it takes to run it right? There's a farmer around here who does his harvesting with an old 403 International, and the job his machine does puts a new combine to shame. He's a darned good mechanic and he knows how to run it right. Are you up to it? Jim
Combines cost a bunch of money to keep maintained. A bearing goes out, wears the shaft, the shaft breaks, goes cockeyed, throws a chain off the sprocket, chain wraps and bends another shaft. You go to the salvage yard thinking you'll save money only to find every combine is missing that shaft cause they all break. Dealer wants $500 for a new one. This is a very real story.
If you still want to do your own harvest, buy one yourself and keep it in good shape. Do you have the knowledge it takes to run it right? There's a farmer around here who does his harvesting with an old 403 International, and the job his machine does puts a new combine to shame. He's a darned good mechanic and he knows how to run it right. Are you up to it? Jim
It depends on the personalities...
I don't know why so many people are so sour on the idea. Mabey they've never tried it before.
We own a combine between two of us now. It used to be three until one retired... WE also own a planter between three.
As far as things getting broken... it's more or less been, he who broke it fixed it. Wear items we'd split costs on. Sometimes one guy puts more labor in and less parts. You just need to work out what works for you... and I think you need to always keep in mind that his crop is just as important as yours. If his is ready and yours a few days away, he gets the machine... or the reverse would be true.
If you're both the type that can work like that without having hard feelings about things, I think it will work fine for you. If not, you're better off on your own. I'm not saying nerves don't get a little frayed here at times. They do... but you need to learn to look at the BIGGER PICTURE. Where would you be alone? Can you afford to go it alone? Those are two VERY important questions.... Take a long hard look at that and think it over carefully.
Also keep in mind... with custom operators... you're still at their mercy, so that's really NO different that a partnership where you both want to work on the same day. Been there. Done that too. Bought the T-Shirt. Sometimes that's no fun either.
Rod
I don't know why so many people are so sour on the idea. Mabey they've never tried it before.
We own a combine between two of us now. It used to be three until one retired... WE also own a planter between three.
As far as things getting broken... it's more or less been, he who broke it fixed it. Wear items we'd split costs on. Sometimes one guy puts more labor in and less parts. You just need to work out what works for you... and I think you need to always keep in mind that his crop is just as important as yours. If his is ready and yours a few days away, he gets the machine... or the reverse would be true.
If you're both the type that can work like that without having hard feelings about things, I think it will work fine for you. If not, you're better off on your own. I'm not saying nerves don't get a little frayed here at times. They do... but you need to learn to look at the BIGGER PICTURE. Where would you be alone? Can you afford to go it alone? Those are two VERY important questions.... Take a long hard look at that and think it over carefully.
Also keep in mind... with custom operators... you're still at their mercy, so that's really NO different that a partnership where you both want to work on the same day. Been there. Done that too. Bought the T-Shirt. Sometimes that's no fun either.
Rod
Anonymous-0
Well-known Member
Buy it together and you will no longer be friends.Buy it on your own and you'll have more friends then you ever dreamed of.
buickanddeere
Well-known Member
Only money deals I do with friends is purchasing a round of beer at the pub.
Anonymous-0
Well-known Member
I'd say NO. The only positive thing about it would be possibly identifying a lousy friend so you could dump him...
Dave
Stephen Atkins
Member
Probably not.
Altho a neighbor and I worked together with each others equipment and tractors and etc. It was working out OK. The machinery was old but in working condition.
steveormary
Altho a neighbor and I worked together with each others equipment and tractors and etc. It was working out OK. The machinery was old but in working condition.
steveormary
I've never personally owned anything with anyone else, except my dad. Even with him, its a source of friction. Ive watched him over the years own stuff in partnership with other people. It seems that one person (him) has to do all the upkeep and repairs, and as soon as he gets it fixed any one of a half dozen other owners, owners friends, owners inlaws, etc come get it and bring it back in pieces again.
I'd a lot rather see you buy what you need. Then do custom work if you need to get more hours in per year on it. That way at least you know where your combine is and if you have to fix it, you know who broke it.
I'd a lot rather see you buy what you need. Then do custom work if you need to get more hours in per year on it. That way at least you know where your combine is and if you have to fix it, you know who broke it.
Someone said avoid partnerships, except in marriage & I go one further & say that even that is risky business. Seriously, these things almost never work out & even if the very best of circumstances allow two men to work some partnership reasonably well & they have wives, I guarantee that one of those women will sour the whole deal.....always & every time!
I didn't count, but it sure looks like a major opinion here is NO! There is a reason for that & it is called experience or the lessons of hard knocks.
I didn't count, but it sure looks like a major opinion here is NO! There is a reason for that & it is called experience or the lessons of hard knocks.
Brian Jasper co. Ia
Well-known Member
I once worked for a friend once. I'll NEVER do that again. I've never been screwed over by an employer as bad as one who started out as a friend. One of you will end up feeling taken advantage of sooner or later. Don't do it!
Anonymous-0
Well-known Member
How could you even consider suggesting such a thing?????????? :shock:
jim johnson
Well-known Member
What is that the voice of experience? You didn't say that right I hope Zeke.
Jim
Jim
IndianaRed
Member
Yes, we all trust that you know what it's like to sleep with a guy.
Anonymous-0
Well-known Member
You must be talking with experience happy slapper,
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