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 Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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