Posted by Ray on April 19, 2013 at 09:34:44 from (74.5.159.37):
In Reply to: Bank selling farm posted by sirhc on April 19, 2013 at 09:09:36:
A 220 acre farm near me sold for the same reasons a few years ago and the same people bought it back for about 50 cents on the dollar.I see that all the time with sheriff's sales at the courthouse.People get in over there heads or the property isn't worth what they paid for it.
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Today's Featured Article - The Revival of a John Deere Combine - by The Red, John Fritz. For several years I had been driving by a farm house on the west side of Indianapolis that had a John Deere combine parked in high weeds in a lot behind the house. The gentleman no longer farmed because the entire area was developed with housing and light industry. I had stopped several times and knocked on the door but no one would answer. My curiosity was up and I wanted to contact the owner. I wanted to see what he planned to do with the combine.
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