They're not the only ones... There's lots of them around here that are doing the same thing. The biggest difference is that they have several times the debt here. Some of them are probably in so deep that it's not to the bank's advantage to pull the plug of most of them. I've heard that there's a few in that situation lately... and they operate on a daily basis with the mentality that if they want er, send someone to milk the cows tonight. Even if they're treading water, the bank is still better off sticking with them in hopes that it'll turn around. The fella that's having a hard time paying his bills, owes some money but still has some equity is in a dangerous position these days... He's got something to take. When you own nothing anyway, ya gots nothing to lose anyhow. Somehow, I don't think most of these big guys got in this position by bad planning...
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Today's Featured Article - New Life for an Old Allis - by Tyler Woods. My friend Jon, has an old '39 Allis Chalmers B. He thought it a marginal tractor that had long since served its time. She smoked terribly and never had much power but he couldn't afford another so he was limping along with what he had. Jon's Allis has a small front loader and though it doesn't carry much, it serves his needs. It was the hard starting and low power that made him think it was time to replace the old girl. Jon called me to help him discover why his tractor wouldn't start
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