Rich, I think I saw that piece of ground, was it right on the Raccoon river?
What we did in 2007 when we moved back to Iowa was go to the USDA/FSA office. The FSA office loaned us 106K and US Bank-through the Beginning Farmer program loaned us 106K. The FSA loan guaranteed the loan from US Bank, they were both 20 year ARMs.
My wife has a good job and we didn't need the income from the farm to make it cash flow, but the farm couldn't operate at a loss or we would be sunk.
The FSA wants you to show that you know what you're doing, you need records on past, profitable, production no matter how small of acreage you've been running.
I am not going to buy anymore tillable ground until this bubble pops, which it will no matter what the BTO's say. I think you and I are only going to be able to afford marginal land even after the bubble, for the foreseeable future.
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 - The Rescue of a Fordson F - by Anthony West. Introduction I live in the UK and have for many years restored Fordson tractors (in the main model N's). I have also restored and shown model F's, E 27N's, Field Marshall Series 2, David Brown Cropmasters and the old rey Fergeson T 20. At one time I had seven restored examples which were shown and used in ploughing matches. As most restorers, I have a number of war stories I can relate on a range of topics that may help other like minded and interested people. Perhaps my first p
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[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.