I bought some farm ground in 1992. It was a private sale, meaning it wasn't advertised or it wasn't an auction. Someone mentioned that they might want to sell it and I called them and they did. Anyway, the bank wanted me to get it appraised so they gave me the name of a "good" appraiser. I called him and asked how he would appraise it. Would he use a value of how much the land was capable of making in order to pay for it, what the land would bring if put on the open market, or what the value was for tax purposes was. There would be a huge difference in the 3 options. He said, "I guess we will do it however you want to do it." I told this to the banker and said why should I have to pay $350 dollars for this and they said I didn't need to, so we didn't get it appraised. Both the sellers and I were happy with the agreed price.
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Today's Featured Article - A Farmall Story - by Ed Meadors. The year was 1978. Our young family had recently moved to rural Chesapeake, Virginia to a plot of land which would finally allow us to realize our dreams of a huge garden, critters and more lawn and pasture than we would ever use! We needed a TRACTOR; not a riding mower or tractor wannabe, but a real TRACTOR. The answer to our needs materialized in the form of a '44 Farmall A, complete with cultivators, discs, single plow, a 5ft.Woods belly mower and one, mounted spare 9.00x24 rear wheel.
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