There was a Farmers Coop here in New Ulm when I was a little kid, it went under back then. Dad lost equity, I believe he was pretty smart & didn't lose much actual grain in that one. It was a game of chicken, the coop was paying 5-7 cents more per bu to gain more bushels, you kinda knew they were trying to replace to much debt with more volume and it would blow up, but - they were paying more so where do you sell your load of grain..... Nowadays Clawbacks and those fancy lawyer terms would eat you alive, but back then when the doors were shut down you had what you had and they had what was inside and that's how it was done.
I can work with a coop, and I can work with a big private business, but this combo we are getting, that's a hard one to do business with - I'm the little nut in the middle that will get ground up and spit out with empty pockets.
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Today's Featured Article - Tractor Profile: Ferguson TO-20 - by Staff. When the infamous "Handshake Agreement" between Henry Ford and Harry Ferguson fell by the wayside (that's a story in itself), Harry Ferguson quickly set up manufacturing plants for a United States version of his English TE-20. The TO-20 was relatively the same as the TE-20 except utilized some different casting materials and had a US-style electrical system. The TO-20 was a dead ringer for the Ford 9N and 2N models and they say that Ferguson did this on purpose when the Handshake Agreement wen
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