The three-point tractor hitch was invented by Harry Ferguson. It was patented in 1926. The version that we know of today was patented in 1928. In the 1930-40's Ferguson partnered with Henry Ford to produce tractors with this hitch.
Since that point in time this basic system has been become a standard with tractors worldwide.
This is how you attach/pick up a plow, attach a grader blade, rototiller, and the pellet mill I was attempting to buy.
HOWEVER, the lady in charge at AgDirect does not think the three-point mount on a PelletMasters 16" pellet mill makes it portable. She feels it is a stationary mounted machine which they could not hook up to and repo, and so they decided not to loan me $10,000. It was actually not even $10,000 because I was putting $4,000 down. I think I was borrowing like $6500 over three years.
Ok... I have excellent credit.
I could walk into my local dealership and borrow like $100,000 or more to buy a tractor I couldn't actually pay for! Insanity...
Obviously this is not a lot of money, but I am small scale and I need a way to spread my purchase over a minimum of two years. Also, if I spend $10,000 right now I will be broke until spring planting season. I don't want to use a credit card or any thing sketchy. I want it simple.
The other irritating issue is that I get turned down two weeks from the end of the year. I have like ten 1,000lbs of bags of oats crammed all over the farm. Next week I am getting peas, I have 10,000lbs of barley, 8,000lbs of rye, 6,000lbs of corn. It is going to be a long winter making pellets at 300lbs per hour...
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| The pellet mill I was going to buy, setting in the shop. Pictures were sent to AgDirect. I asked then nice loan officer if she was familiar with three-point mounted farm equipment. (not so much) I asked if they had made loans for rototillers or three-point grader blades. She said yes. Apparently three-point pellet mills don't have a box to check. |
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| This picture did not prove the portability of the mill. I actually send pictures with it on a different tractor in a different location to show portability. But, it must have wheels and a tongue. I suggested this mod to PelletMasters but I don't think it is going to fly... |
Posts
The current political climate favors the wealthy, not the small guy.
ReplyDeleteI sent an updated spreadsheet and some questions & answers.
ReplyDeleteSounds like somebody needs education on farm equipment. It looks quite portable to me.
ReplyDeleteI found it all a bit frustrating
DeleteThe lender could protect themselves with a permanent GPS tracker as the rental places do. They could also request you carry theft/loss damage with them as named insured. I'd ask for a supervisor.
ReplyDeleteTry driving the tractor into the store and making a wager. If you can hook it up and drive away it is yours for nothing. If you can't do it she can have the tractor.
ReplyDeleteGrace and peace,
Pumice
Ask if they have a used re-po unit they can sell you for 6k.
ReplyDeleteIt is sort of an embarrassingly small amount of money in today's world of agriculture
Deletecheck your email...re spreadsheet
ReplyDeleteI can't open the spreadsheet. It saves as a .pdf I think I need to share on googledocs. I am having problems with mail.com anyway.
DeleteTry emailing me at buddeshepherd52@gmail.com