Posted by Hogleg on November 10, 2016 at 05:20:48 from (38.114.82.79):
This is tractor related in that tractors bring the grain to market...
Daughter and future son-in-law want to start a grain hauling business here in So. Illinois. He has his class A license and is working for low wages hauling grain for a local elevator. She is 3 years into a degree in business. She is very sharp (valedictorian in HS) and has realized that in this time and place, low wages are a way of life in rural america. So, to live in the place she loves, and not scratch by for the rest of her life, she wants to start a business to control her own destiny. She has devised a business opportunity hauling grain from collection points to the river for loading, and other farm related hauling activities. She has a well written business plan and lots of research on LLCs, licensing, maintenance expenses as well as the revenue side of the equation. The numbers look pretty good, and the risks acceptable.
What we are struggling with is how to get started.
How do we go about obtaining the first truck. Is leasing a viable alternative? How would you start out? We can walk into a bank and ask for starting funds and a line of credit, but I think that will never happen. Not likely to give a pile of cash to a 20 year old girl and a 21 year old guy, regardless of how good the business plan looks, I fear.
It's darn hard for young ones to get started on a good path in this day. How would you all do it?
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
... [Read Article]
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