Posted by 2002sliverado on March 10, 2017 at 14:18:34 from (216.16.75.34):
In Reply to: hard times posted by kccca on March 10, 2017 at 12:20:31:
The 1980's I remember very well. I was in high school at the time and yes, if you were borrowing money, the interest rate was around 20 percent. If you had money in the bank and it was on Certificates of Deposit, the interest rate on those topped out around 16 percent. My mother had a job in town and my father and his youngest brother were on the farm. We lost our local JD dealership where we had purchased equipment for some years. The family could no longer keep the doors open with the sales volume they had. Our family farm was kept intact by hard work, work off the farm, and pinching pennies. My father in law's farm was held together in the same manner. Neither had overextended itself, but there were tight times. Neither was considered "too big to fail" so neither received any sort of a debt re-structuring or write down. I will never forget what happened with most of those people who DID receive a write down or restructuring. They bought a new line up of farm equipment, a new pickup truck, and a new family car. They showed up to church on Sundays and sat in front so every one who paid their bills and "sucked it up" could see them. It does frustrate me how these people who were deemed, "Too Big To Fail" were given a tremendous opportunity to start fresh. I guess at least I can say that what I have today, I worked hard for it and I don't owe my soul to the devil.
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
