I would comment that if he can maintain some discipline that he should escrow some money for a tough stretch to make sure the payments get made. If it is like around here people are bidding based on maximum cashflow from all enterprises both farm and non-farm. Example. 7000 acre farm makes 100 dollar per acre profit. 700,000 dollar profit less taxes to bid on a small tract of land. The operator of the 7000 acre operation is not worried about the small tract paying for itself but rather what the whole operation will generate to keep other bidders away.
Then there are the bidders that have exotic forms of financing that give them an edge. These bidders have access to money at one percent for 50 years but are limited to a purchase of what is considered a home farm. They calculate based on expected cash flow the maximum that they can pay for the farm in another attempt to out bid their competitors.
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Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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