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Kansas farmers use earnings to invest in John Deere equipment

Friday, May 25, 2012

Farmers are benefiting from this oil boom, and one individual is relying on this money to trade in his used John Deere equipment for some of the newer models offered by the agricultural company.
Farmers are benefiting from this oil boom, and one individual is relying on this money to trade in his used John Deere equipment for some of the newer models offered by the agricultural company.

Farmers in Kansas have benefited from the recent oil boom that has occurred in the state, and several of these individuals have used their earnings to invest in John Deere equipment to bolster their operations.

CNN Money reported that Harper County and the surrounding areas have been pinpointed as a region where significant oil deposits exist, as oil companies are offering farmers significant amounts of money to use the property in order to drill for the commodity.

Farmers are benefiting from this oil boom, and one individual is relying on this money to trade in his used John Deere equipment for some of the newer models offered by the agricultural company.

John Walker, a 63-year-old who has been harvesting wheat since he was a small boy, went straight from the bank to purchase John Deere equipment, picking up two new tractors, a baler and several attachments for his models, according to the news outlet.

This new equipment would help Walker deal with one of the earliest winter wheat harvests in the history of Kansas, which was recently reported by The Associated Press.

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