Posted by Tech 7 on March 11, 2017 at 09:11:50 from (67.220.32.109):
In Reply to: hard times posted by kccca on March 10, 2017 at 12:20:31:
My BIL was caught in the squeeze like many others......we seemingly could do no wrong in the 70's, could do nothing right in the 80's. He was feeding cattle and was an excellent manager but from the time he filled the feedlot in the fall and when those cattle went out as finished steers the interest rate on them had almost doubled. I remember them receiving a check for a load of finished steers and dropping everything to make an hours+ trip to the bank to get that money against the operating loan. He bought a JD 4440 in the spring of '80. Its here in my shop today for some service, it will head back onto much of the same land is has covered for the last 37 seasons, despite 12,000 hours. That tractor toughed it out in the tough times too, probably a lot of the reason he still owns it.
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