Posted by Dick2 on October 02, 2015 at 02:10:51 from (174.19.246.61):
In Reply to: Buying a farm posted by Gleanerk2 on October 01, 2015 at 16:14:26:
Banks have external advisors that are telling them to not make loans to farmers because of the declining prices for grains and livestock. Also, banks are nervous about the stock market so they would rather hold onto their cash than loan it out. If they have sufficient cash after the crash, they may be able to stay in business. 20% down used to be the norm to buy real estate years ago and lending agencies are trying to return to that practice. If a person has a large equity in the property, they are more inclined to make the payments than a person that has little or none of their own money invested.
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Today's Featured Article - Show Coverage: The Old Gold National Antique Tractor Show - by Cindy Ladage. Over the fourth of July weekend, the Illinois State Fairgrounds in Springfield, Illinois, was the site of the Old Gold National Antique Tractor Show. Tractors of all makes and models were displayed and separted into categories by their age. Deere, Oliver and even a Wards and Keck Gonerman were part of the crowd. A sea of red International Harvester's seemed to be the the model with the biggest showing. The crowd was decent for the scorching July heat. The opening day started o
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