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John Deere Tractors Discussion Forum
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Old Timers question

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Jim_bobb

10-20-2005 20:57:15




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How hard was it to find the money to buy those 1950s JD model 60, 620, 70, 720, 730, etc back then?




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Jim_bobb

10-21-2005 16:57:25




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 Re: Old Timers question in reply to Jim_bobb, 10-20-2005 20:57:15  
Tnx for the stories.



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skip33652

10-22-2005 05:14:30




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 Re: Old Timers question in reply to Jim_bobb, 10-21-2005 16:57:25  
My father started farming with his grandmas help,as he was a preachers son and come from detroit area.dont know when his first crop was but I do know that he was in service in 50-52.i also know that in 1955 he bought 70 diesel standard? with live power,power steering and rockshaft and four bottom mounted plow. he also both 1955 chevy hardtop about same time paid cash for both. he still buys new car from time to time but buys them on time.nobody buys new tractor anymore. unless you count garden tractors. almost all new tractors are rented out to corporate farms for a year or so before they come back here. I asked salesman one dayhow many new tractors he had sold , in last 5 years he had sold twonew ones to same guy.all the other 200 or so were all used.Paul

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Jim_bobb

10-23-2005 07:31:40




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 Re: Old Timers question in reply to skip33652, 10-22-2005 05:14:30  
Up in our area of dairy farms in N. MI, the local JD dealer sells quite a few new midsized tractors. I never seen 200-400 hp sell new, but I do not follow sales that closely.



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mike brown

10-21-2005 13:06:19




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 Re: Old Timers question in reply to Jim_bobb, 10-20-2005 20:57:15  
Somthing to keep in mind is that the U.S. was feeding the world after WWII and farm prices were strong. Strong enough that the govt. slapped on price caps. I've read that wheat prices were $4.00/bu. in the late '40's. about the same as today and those were far better dollars! Maybe ten times better!



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msb

10-21-2005 09:39:02




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 Re: Old Timers question in reply to Jim_bobb, 10-20-2005 20:57:15  
Probably not any harder than starting out today,maybe easier.Land was easier to rent back then.I paid off my first tractor a 1953 JD 60 in one year.That was in 1959.Bought a new 730 Diesel the next year and paid it off in 4 years. I doubt if you could pay a big Deere off in that length of time today.



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Stan - Florida

10-21-2005 07:54:48




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 Re: Old Timers question in reply to Jim_bobb, 10-20-2005 20:57:15  
It wasn't easy, I can tell you. Dad bought his first tractor, a 1943 John Deere B, along with a 1-16" No. 51 plow, two-row cultivator and a one-row No. 10 corn picker in 1943. He made do with the horse-drawn implements that could be modified for use behind a tractor. He used the last team of Percherons until 1956.

We farmed 215 acres on three different places and raised a lot of hogs for that time...in the early '50s, we were raising 400 hogs from farrow to finish every year. Major purchases were generally made right after the 1st of March each year, for two reasons. One, we had usually just sold half of our hog crop (the fall farrow) and had some ready cash, and, two, there was a personal property tax on any machinery on hand as of March 1st...so, we waited until tax day had passed.

A couple of years ago I ran across some old Farm Account Books of his from 1937, 1942 and 1953. The inventory of equipment was kept for depreciation purposes, but was pretty minimal until the late '40s, when he bought a new '49 A, two-row No. 200 cultivator,a No. 44H 2-14" plow and a No. 200 two-row picker. The total initial purchase price for all the equipment in use at the time was $13,642, but I'm not sure what the depreciated value was. Some of the equipment went back to the mid-'30s.


Stan Huff
Melbourne, FL (formerly Noblesville, Indiana)

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Walt in Jaxn Tn.

10-20-2005 21:47:37




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 Re: Old Timers question in reply to Jim_bobb, 10-20-2005 20:57:15  
I don't think anyone started farming from nothing and went out and bought all new John Deere equipment. They were probably established farmers that wanted to trade up to a newer larger piece of equipment, they most likely had been doing business with John Deere in the past and were offered a deal on a new "60" with a plow and disk and cultivator and later a mounted picker. They traded in the "A" that had been upgraded as much as possible (lights, electric starter and power trol) and mabey got a lower rate loan at the bank thru the local dealer. They kept the "B" for light chores along with the fordson 9n to haul hay wagons and grain wagons from the field to the barn and back and to move hay to the field for the livestock in the cold weeks before the spring thaw. They might have to sell some livestock to make the quarterly payment on that new "60"

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Jim_bobb

10-21-2005 05:41:33




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 Start from nothin' in reply to Walt in Jaxn Tn., 10-20-2005 21:47:37  
I understand that. Probally started with horses & dads land or homestead.



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Handsome Jim

10-21-2005 15:18:27




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 Re: Start from nothin' in reply to Jim_bobb, 10-21-2005 05:41:33  
I don't recall him talking about paying off any of the two cylinders but when Dad bought his first 4020, he had a terrible time making payments on it, He bought it in 66' and 67' was a flood year with no income to follow. I do remember Dad talking about when Grandpa bought his first John Deere in the early 1930s though, He traded a matched set of Belgian draft horses for them.HJ



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mike brown

10-21-2005 07:21:02




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 Re: Start from nothin' in reply to Jim_bobb, 10-21-2005 05:41:33  
My grandad swaped his horses in the thirties for a M/D W30. By the end of wwII he needed a new tractor but all the tractor makers were making war machinery. He wanted a farmall but even after the war the backlog of demand meant it was hard to get one. By '48 he was in dire need and the local JD dealer had tractors while the IH dealer did not. The JD dealer challenged him to try an A allfuel which he did and bought. In '49 he traded it for a gas A which had more power and powertrol that the '48 did not have. He stuck with the '49 A until the mid '60's when he retired.

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