Posted by Hogleg on November 10, 2016 at 05:20:48 from (38.114.82.79):
This is tractor related in that tractors bring the grain to market...
Daughter and future son-in-law want to start a grain hauling business here in So. Illinois. He has his class A license and is working for low wages hauling grain for a local elevator. She is 3 years into a degree in business. She is very sharp (valedictorian in HS) and has realized that in this time and place, low wages are a way of life in rural america. So, to live in the place she loves, and not scratch by for the rest of her life, she wants to start a business to control her own destiny. She has devised a business opportunity hauling grain from collection points to the river for loading, and other farm related hauling activities. She has a well written business plan and lots of research on LLCs, licensing, maintenance expenses as well as the revenue side of the equation. The numbers look pretty good, and the risks acceptable.
What we are struggling with is how to get started.
How do we go about obtaining the first truck. Is leasing a viable alternative? How would you start out? We can walk into a bank and ask for starting funds and a line of credit, but I think that will never happen. Not likely to give a pile of cash to a 20 year old girl and a 21 year old guy, regardless of how good the business plan looks, I fear.
It's darn hard for young ones to get started on a good path in this day. How would you all do it?
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Today's Featured Article - On the Road with Dave Gohl: Tractors and Farming - by Dave Gohl. I never thought I'd live to see the day, when I could call myself a farmer. What allows me to say this? Well, when our family moved to our 20 acre site near New Prague, Minnesota, I had one thought in mind. You guessed it, farm it somehow. A little history is in order. In my younger days, mom, dad and my brother made frequent visits to dad's youngest brother Pete, who took over the home farm from grandpa MIke. It was the typical set-up, milk cows, pigs & chickens. In the winter, we'd play
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