Use to be a pretty common thing here. Now you just don't hear of it. To many people willing to sue over every little thing. It fell apart here with the farm bust of the 80's. Several guys, in together on equipment with them all having their name on the loan contract. One goes bust or dies unexpectedly.....you see the problem. The lenders are not going for it too much anymore because of the legal entanglements.
Another thing that was common years ago was like one guy buying a new baler the other a new swather or haybine.
I think today the best solution is to buy what you need then hire yourself out to run it. You have to keep in mind that it's going to wear out that much faster but it helps get it paid for.
My nephew and I are talking about getting a trailer together. But that's a "no one borrows it" kinda deal, not even his dad, my BIL. I know between him and I we can make it work. I'll just change my will that my half goes to him.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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