Posted by jocco on January 17, 2018 at 06:12:28 from (166.223.198.243):
Farm debt and tractors. Not me but I am slightly in the middle. One larger out fit I deal with is on the hook. The manager relies on me for some stuff including advice and handling some situations. A smaller farmer borrowed money (quite a bit) the intention was to pay it back soon, That did not happen. All the variables came in bad crops, equipment breakdowns, divorce, fire and so on. The bigger out fit kept lending money and securing it with junk equipment and crops.(I felt it should have stopped there banks and coops had shut him down) ALL 3 OF US BIG OUT FIT OWNER, SMALL FARMER AND ME were childhood friends we all grew up together. Well fast forward the smaller guy is probably going bankrupt. Land is in hock to the banks so they will get that. Unsure of his leased lands as the bigger out fit took some of it over to collect debt and keep him going. NOW THE REAL ISSUE our conversation was what to do how to proceed. His feelings were to just walk away and not fool with a bone pile of old trucks and tractors, etc. May be try to pick up some lease lands, write some debt off. Somehow we have all stayed on good terms the little guy even went to work for the larger outfit for harvest season, just to get a pay check. LOOKING FOR IMPUT FROM YOU GUYS ANYONE SEEN SIMILAR SITUATION? THANKS
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
... [Read Article]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
