Join Date: Sep 1999
Location: Southeast Iowa
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Re: Whew! Went to an auction...wot a trip!
[img]images/icons/tongue.gif[/img] You have to have lived the farm economy to really appreciate what it's like to make payments on a tractor year after year. A lot of our payments were single payment.....once a year...after we got done harvesting, and you KNEW if you didn't do well, that payment would take all the money and there would be nothing left to live on. I make Vickie watch the movie: "Country" with Jessica Lange periodically because it is SO DARN TRUE; it's the equity thing; one day the bank can loan against your equity and the next day they won't. There's nothing worse than being rich in land and yet not having enough cash on hand to put tires on the truck.[img]images/icons/frown.gif[/img] Land-rich; cash-poor; isn't that the way it so often is in farming. Been thar....done thet.[img]images/icons/tongue.gif[/img]