Re: Allan on articulated tractors

Posted by Sloroll on June 15, 2005 at 09:26:27 from (69.66.43.59):

In Reply to: Re: Allan on articulated tractors posted by dhermesc on June 15, 2005 at 08:43:50:

I am sorry for your loss. No it wasn't good for him (my father). He didn't over extend and never had the luxuries of ac in the cab or time off for a family vacation. He worked another job, raised cattle, 6 kids, two 40 ft. gardens in the back yard. His father died before he was born. His mother (Single Mother) raised five kids alone through the depression. I am only saying that The philosophy I have is proven, at least to me.
Somewhere money was lost to someone in the 80s; either the bank, its investors or the people that the land was purchased from. Did they get repayed? Yes they probably did mostly through Gov bank bail outs Hmmmm Where did that money come from? I haven't seen my taxes go down.
The Banks ( a needed institution) this next go around I am sure have their tales covered. People like your father will not have the opportunity to buy their farms back.
Your father, I am sure, was an honerable man as you said he got financing on his word alone. Not many will cover that anymore. My father also was treated with that respect. I have done that myself 5 years ago.
I too would have made the same choice as your dad involving cancer treatment but that is a seperate volatile issue.
Time will tell and we can yell across the fence our opinions. I don't think either of us will change our minds. If money is borrowed on big equipment or whatever based on land values ,and gov payments, not what is coming out of the ground, lenders will not be the ones taking the fall. Big "efficient" farmers will effiently farm themselves into the ground they are working.

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