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 -
Talk of the Town: The Saga of Grandpa's Tractor - by The following saga is from the Tractor Talk Discussion Forum. Someone. The saga starts with the following message: Hey guys I have a decision to make. I know what you all will probably suggest and it will probably agree with me way down inside, but here it is. I have a picture blown up and framed in my "tractor room" of a Farmall M. It was my Grandpa's tractor, of which whom I never got to meet. He froze to death getting this tractor out of the barn to pull a truck out of the ditch before I was born. Anyway my dad and aunt had to sell it at the auction,
... [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]
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 |
|