Posted by oldtanker on January 26, 2019 at 00:04:04 from (66.228.255.59):
In Reply to: For Old MM fans posted by ckain(mi) on January 25, 2019 at 22:02:39:
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May have been nothing. Lot of running tractors and implements wound up in the "tree row" during the 80's farm crisis. During the crisis a lot of farms went under. Some brands just were not popular. The guys that survived got through either because they were big enough to survive and wouldn't have been interested in an orphan like that or they survived because they had low or no debt load. And with interest rates running around 20% there were not buying anything. Plus there were tons of JD's and IH's around that also had little value because of the times. By the time the "crisis" and recession was over there was little interest in an old MM. So there may have been nothing wrong. Heck maybe a bank took it back and couldn't unload it. By just leaving it they could write off the entire loan.
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