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Re: To buy with a friend or not?


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Posted by kyplowboy on October 29, 2009 at 18:04:55 from (63.146.226.90):

In Reply to: To buy with a friend or not? posted by Les Bales on October 29, 2009 at 17:07:56:

I know of folks who have done things like this in the past and most of the time it works out pretty good if you have two pretty good folks working together. Even if you have good folks working together a year like we have had this year will put a strain on things. I know two brothers who shared a tobacco setter. I piece of equipment that only gets used a few days a year even by the big time guys (mine gets 4 hours). These two brothers raise 8 to 12 acres each and have always spread their settings out so it was not all ready to top and cut the same day. One year it rained and rained (like this spring here) and the guy who had the setter got started and had some trouble with his tractor. The other brother went to get it while he was working the tractor, words were said, pushing started and the one waiting for the setter went and bought a new one. The one who had the setter would not pay for the other half of the old one they had bought together. The one with a new one threatened to cut it in half, but ended up pulling it to a consignment sale and told his brother he had done it the night before the sale and said he could buy it back if he wanted. He did and they have not spoken since. This was 3 years ago and they live a mile and a half from each other. If me and a buddy were thinking about about a deal like this I think I would decide on one of us getting a good combine and the other getting two good trucks. Work together and any break downs are owners problem and if something comes up one of you could hire out the combining and the other could hire out the trucking. A year like this where no one around here has been able to work two full days in a row for the last 6 weeks would but a hurting on a partnership.

Good luck.

Dave


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