What i see is online auction only.
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Originally posted by farmaholic View PostI would be pissed though if I was in the running for buying the same land and lost it to a guy who "out bid his own ability to pay for it" and had it written down.
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wow , Grahamp , same shit happened here , lots of these arrogant pricks never made payments for years then had the first right of refusal when govt finally had the balls to sell it . like fj says , half this rm was FCC and land bank . those ****ers are real important pricks now . and have forgotten everything
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The same thing happened in this area. Some farmers worked through the their debt and paid the interest.,some farmers just gave in and handed the land over to lenders. The last bunch went to the review board renegotiated to rent it back from lenders for 6 (?) years. They paid as little rent , sometimes no rent. The land went for sale and the farmer had the first right of refusal. He then bought it for a 50% discount from his original purchase price. Win win. Bring on new machinery and a positive attitude like you are the best manager around.
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Yep caseih lots around here too. And now fcc etc still lending to the big assholes paying big dollar for everything but smaller farmfamilies they don't want to waste their time with.
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