A Shot of AG
A House Fire, 24% Interest and the Farm Crisis
Clip: Season 7 Episode 3 | 1m 44sVideo has Closed Captions
Larry Tombaugh recalls losing his home to fire and surviving the 1980s farm crisis.
After lightning destroyed their home, Larry and Kathy Tombaugh faced another challenge as the farm economy collapsed. With 24% interest on their operating note, they worked multiple jobs, shifted their farm and built a roofing business. Larry recalls the resilience and hard work that helped their family survive the difficult farm years of the 1980s.
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A Shot of AG is a local public television program presented by WTVP
A Shot of AG
A House Fire, 24% Interest and the Farm Crisis
Clip: Season 7 Episode 3 | 1m 44sVideo has Closed Captions
After lightning destroyed their home, Larry and Kathy Tombaugh faced another challenge as the farm economy collapsed. With 24% interest on their operating note, they worked multiple jobs, shifted their farm and built a roofing business. Larry recalls the resilience and hard work that helped their family survive the difficult farm years of the 1980s.
Problems playing video? | Closed Captioning Feedback
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Providing Support for PBS.org
Learn Moreabout PBS online sponsorship- Well, we got married in 74 and in 78 it got hit by lightning.
We happened to be gone to some relatives over by Walnut Grove.
And my mom called on the phone and she was crying, and I though, "Oh no, my dad had a heart attack," because he had periods of heart trouble.
And she said, "No, not that.
Your house got hit by lightning and we don't think we can save anything."
- [Rob] Oh, the whole thing.
- Whole thing.
- You know, that gets kind of glazed over when people say that.
But when you think about your house and being a total loss, it's not like a tornado or something.
It's just like everything is gone.
All your memories and that, that had to be pretty tough.
- It was really tough.
And one of the things that I like to talk about is the fact that Kathy and I came from families, hardworking, and we just dug in and had to work through it because shortly thereafter, started raising hogs.
We sold the dairy cattle and we were paying 24% interest on our operating note.
- Oof, 24.
- 24, yeah.
- Yeah.
So on top of that, I mean, so you went through the 80's.
- Yeah.
- But you did make it through the 80's.
- We did.
And how we did that was another commercial, is that, and this is one of the license plates.
- [Rob] Roof Doc.
- Yeah, Kathy and I formed Tom Cat Roofing.
- Growl.
- Yeah, and this was one of the license plates.
- We do hedges too.
- But no, Kathy had four part-time jobs and still couldn't support me like I would like.
- [Rob] Yeah.
- And so I-- - [Rob] She had four part-time jobs?
- Right.
- And you were farming.
- With the kids being small, it was tough.
Larry Tombaugh's Advice for the Next Generation
Video has Closed Captions
Clip: S7 Ep3 | 1m 2s | Larry Tombaugh shares hard-earned advice for young farmers facing uncertain times. (1m 2s)
The Tombaugh Family Connection to Pluto
Video has Closed Captions
Clip: S7 Ep3 | 2m 5s | Larry Tombaugh recalls his connection to Clyde Tombaugh, who discovered Pluto. (2m 5s)
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