Posted by nrowles on June 11, 2019 at 06:22:12 from (71.251.155.138):
Long story short, great gram has a $11,000 nursing home bill every month and she's out of cash. Her farm is supposed to be worth about $1.2M. The family would like to retain as much of the farm as possible. I mentioned to them about doing a reverse mortgage line of credit and draw on it as needed each month to pay the nursing home. Then when she passes on sell as much of the farm as needed to pay off the mortgage. Nobody in my family can afford this kind of coin to take the farm on themselves.
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Today's Featured Article - Recollections of a John Deere GP - by Charlie Cook. I grew up on my dad's 280 acre general farm in Western Michigan. Dad's only tractor when I was very young was the old GP. My first recollection of this tractor was when dad allowed my brother and myself to ride on the tractor with him driving. One of us would sit on the left fender (away from the clutch) and other would sit on the gas tank and hold onto the crankcase breather pipe.
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