|
Tractor Talk Discussion Board |
bankers/depression years story
[ Expand ] [ View Follow Ups ] [ Post Followup ] [ Return to Forum ]
Posted by 04terry on December 19, 2003 at 09:28:33 from (67.250.216.195):
The first tractor that my dad purchased was a
F-12 Farmall. He had farmed with horses until
he made this purchase. During the depression, he told about the local elevator offering 2 cents a bushel for shell corn.
For earn corn, the elevator price was 2 cents less. They didn't want to say that they couldn't give you anything for the ear corn! One day the banker come out to see my dad. He said "you haven't made the payments on your tractor and I am going to have to repossess it."
My dad told the banker that he understood and that
he wouldn't have any hard feelings. My dad also
said that if you take the tractor, I will never have an opportunity to pay for it. The banker thought about that for a while and said, I know you are an honest man and someday this dry cycle will end and things will get better. I also know that when this happens, you will pay for the tractor, so you just go ahead and keep it. I remember D-day, 1944 when the local IH dealer
delivered a bright shiny H Farmall and took the
old F-12 in trade. I was a little over 2 1/2
years old. I thought I would share this story with you after
reading a post that John Deere didn't repossess any tractors during the depression. I would think that most tractor loans were handled through the banks back then, therefore JD would have been out of the loop.
Follow Ups:
Home
| Forums
Today's Featured Article -
Restoration Story: 1951 Farmall H - by The Red (John Fritz). I have been a collector of Farmall tractors since 1990 when I first obtained part of the family farm in Eastern Indiana. My current collection includes a 1938 F20, 1945 H, 1946 H, and the recently purchased 1951 H. This article will focus on what I encountered and what I did to bring the 1951 NEAR DEATH Farmall H back to life.
... [Read Article]
Latest Ad:
2022 John Deere 5045E, 4wd, front end loader and 3rd function with grapple. 120 hrs, 55k new, must sell
[More Ads]
Copyright © 1997-2024 Yesterday's Tractor Co.
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. Yesterday's Tractors - Antique Tractor HeadquartersWebsite Accessibility Policy |
|
