Thomas Reed Bet His Last $32K on an Old Deere —Then 600 Acres Paid Him Back Before the Bank Came
Farm Heritage Diaries
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Thomas Reed Bet His Last $32K on an Old Deere —Then 600 Acres Paid Him Back Before the Bank Came
5 478 просмотров · 2 недели назад
Farm Heritage Diaries
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5 478 просмотров · 2 недели назад
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Thomas Reed bet his last $32,000 on a paid-off old John Deere and 600 acres of neighboring Nebraska farmland. By harvest, the tractor had completed everything he asked—but an approaching bank deadline revealed that the machine was never the real problem.
In 1984, the 47-year-old farmer secures the additional ground through a lease-to-buy agreement instead of financing an expensive new tractor package.
Thomas purchases an older John Deere and several used implements outright, believing the 600 acres can generate enough income to strengthen his farm.
The Deere completes the spring work, the crop emerges well, and avoiding another machinery loan initially makes the gamble appear successful.
Then rising expenses and weaker margins create a major operating shortfall, while Thomas’s daughter Rachel discovers that 200 acres are losing money every time they are worked.
Before the bank’s deadline arrives, Thomas must decide whether to keep all 600 acres or surrender the least profitable ground to protect the original family farm.
Would you keep every acre and fight for the expansion, or give up part of the land to save what already belongs to your family? Share your answer in the comments.
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