Document:

EXHIBIT 10.27

           FIRST ADDENDUM TO THIRD AMENDED AND RESTATED LOAN AGREEMENT

This First Addendum to Third Amended and Restated Loan Agreement (the "First
Addendum") is entered into as of the ___ day of January, 2003, by and between
John Deere Construction & Forestry Company ("JDCFC"), Deere Credit, Inc. ("Deere
Credit"), and John Deere Company, a division of Deere & Company ("Deere &
Company") (JDCFC, Deere Credit and Deere & Company are hereinafter collectively
referred to as the "Lender") and RDO Agriculture Equipment Co. ("RDO
Agriculture"), RDO Construction Equipment Co. ("RDO Construction"), RDO
Financial Services Co. ("RDO Financial Services"), and RDO Material Handling Co.
("RDO Material Handling") (RDO Agriculture, RDO Construction, RDO Financial
Services and RDO Material Handling are hereinafter collectively referred to as
the "Borrower").

                                    RECITALS

WHEREAS, Lender and Borrower entered into that certain Third Amended and
Restated Loan Agreement dated as of December 16, 2002 (the "Loan Agreement");
and

WHEREAS, Lender and Borrower wish to amend the Loan Agreement to further clarify
certain provisions in the Loan Agreement;

NOW, THEREFORE, in consideration of the mutual covenants contained in this First
Addendum, and other good and valuable consideration, the receipt and sufficiency
of which is expressly acknowledged, the parties hereto agree as follows:

     1. Capitalized terms not defined in this First Addendum shall have the
meaning provided to them in the Loan Agreement.

     2. All references to the term "Credit Line Certificate" are hereby amended
to read "Borrowing Base and Credit Line Certificate".

     3. All references to the term "Eligible Receivables" are hereby amended to
read "Eligible Trade Receivables".

     4. The definition of "Eligible Affiliate Receivables" is hereby amended to
read in its entirety as follows:

     "Eligible Affiliate Receivables" shall mean receivables arising from the
     bona fide sale or lease of Eligible Inventory to Affiliates in an amount
     equal to the lesser of (i) seventy percent (70%) of the total amount of
     Eligible Affiliate Receivables, or (ii) Two Million Dollars ($2,000,000).

     5. The definition of "Eligible Government Receivables" is hereby amended to
read in its entirety as follows:

     "Eligible Government Receivables" shall mean receivables arising from the
     bona fide sale or lease of Eligible Inventory with acceptable account
     debtors who are either municipal, county or state government entities with
     accounts that are less than ninety days old, other than unpaid settlements
     (commonly known as Code 3 shortages) in an amount equal to the lesser of
     (i) seventy percent (70%) of the total amount of Eligible Government
     Receivables, or (ii) Five Million Dollars ($5,000,000).

<PAGE>

FIRST ADDENDUM TO
THIRD AMENDED AND RESTATED LOAN AGREEMENT

     6. The definition of "Eligible Material Handling Inventory" is hereby
amended to read in its entirety as follows:

     "Eligible Material Handling Inventory" means machinery and equipment held
     for sale by the RDO Material Handling under valid manufacturer's dealer
     licenses in an amount equal to the lesser of (i) ninety five percent (95%)
     of Eligible Material Handling Inventory, or (ii) Two Million Dollars
     ($2,000,000).

     7. The first paragraph in Section 2 of the Loan Agreement entitled
"Advances; Letter of Credit Advances" is hereby amended to read in its entirety
as follows:

     Assuming no Event of Default has occurred and is continuing, Lender shall,
     until the Termination Date, make Advances to Borrower, up to an amount
     which when combined with all other outstanding Advances does not exceed the
     Maximum Borrowing Amount. Each Advance made under this Line of Credit shall
     be for an amount that shall not be less than One Hundred Thousand Dollars
     ($100,000).

     Requests for Advances (each, an "Advance Request") may be made to Lender by
     means of a document substantially in the form attached hereto as Exhibit
     B-1. In order to eliminate paperwork and facilitate the efficient
     processing of Advance Requests, Borrower and Lender further acknowledge and
     agree that: (a) Any communication intended to initiate an Advance Request,
     whether in writing, by telephone, by electronic data interchange ("EDI"),
     online services, electronic mail, the Internet, or by any other means,
     shall be treated as a request to Lender to advance the requested amount to
     Borrower; (b) Any Advance Request may be prepared, signed and/or stored in
     electronic form acceptable to Lender or converted by Lender from paper form
     to accurate electronic images for storage or reproduction, and such
     electronic documents shall be the controlling copy of that document for all
     legal purposes; (c) Borrower shall not object to the validity,
     admissibility or enforceability of documents because they were prepared,
     signed, stored or reproduced by electronic means; (d) Borrower may, from
     time to time, submit Advance Requests by sending an e-mail message to
     Lender at the following e-mail address: shareds79501c@JohnDeere.com (the
     "E-Mail Address"); (e) Lender may rely upon any Advance Request received at
     the E-Mail Address and any such Advance Request received by Lender shall be
     binding on Borrower; and (f) Lender will accept Advance Requests, at the
     E-Mail Address, from those employees of Borrower that (a) are listed on the
     authorized signature form on file with Lender, and (b) have a unique e-mail
     address, separate from the general e-mail address of Borrower.

     8. Except as expressly amended by this First Addendum, the terms and
conditions of the Loan Agreement remain in full force and effect. This First
Addendum constitutes the complete understanding of the parties hereto and
supersedes all prior understandings of the parties relating to the matters
discussed herein. This First Addendum may only be amended or modified by the
terms of a written instrument signed by all parties hereto. This First Addendum
shall be governed by and construed in accordance with the laws of the State of
Iowa.

IN WITNESS WHEREOF, the parties hereto have executed this First Addendum
effective as of the date first above written.

                                       2

<PAGE>

LENDER:                                     BORROWER:

JOHN DEERE CONSTRUCTION                     RDO AGRICULTURE EQUIPMENT CO.
& FORESTRY COMPANY

By:     /s/ David A. Reuter                 By:     /s/ Thomas K. Espel
      ---------------------------                 ------------------------------

Name:   David A. Reuter                     Name:   Thomas K. Espel
      ---------------------------                 ------------------------------

Title:  Div. Fin. Mgr.                      Title:  Treasurer
      ---------------------------                 ------------------------------

JOHN DEERE COMPANY, A DIVISION OF           RDO CONSTRUCTION EQUIPMENT CO.
DEERE & COMPANY

By:     /s/ J.R. Spear                      By:     /s/ Thomas K. Espel
      ---------------------------                 ------------------------------

Name:   James R. Spear                      Name:   Thomas K. Espel
      ---------------------------                 ------------------------------

Title:  Mgr. Ag Fin                         Title:  Treasurer
      ---------------------------                 ------------------------------

DEERE CREDIT, INC.                          RDO FINANCIAL SERVICES CO.

By:     /s/ David A. Reuter                 By:     /s/ Thomas K. Espel
      ---------------------------                 ------------------------------

Name:   David A. Reuter                     Name:   Thomas K. Espel
      ---------------------------                 ------------------------------

Title:  Div. Fin. Mgr.                      Title:  Treasurer
      ---------------------------                 ------------------------------

                                            RDO MATERIAL HANDLING CO.

                                            By:     /s/ Thomas K. Espel
                                                  -----------------------------

                                            Name:   Thomas K. Espel
                                                  ------------------------------

                                            Title:  Treasurer
                                                  ------------------------------

                                       3EXHIBIT 10.28

          SECOND ADDENDUM TO THIRD AMENDED AND RESTATED LOAN AGREEMENT

This Second Addendum to Third Amended and Restated Loan Agreement (the "First
Addendum") is entered into as of the ___ day of February, 2003, by and between
John Deere Construction & Forestry Company ("JDCFC"), Deere Credit, Inc. ("Deere
Credit"), and John Deere Company, a division of Deere & Company ("Deere &
Company") (JDCFC, Deere Credit and Deere & Company are hereinafter collectively
referred to as the "Lender") and RDO Agriculture Equipment Co. ("RDO
Agriculture"), RDO Construction Equipment Co. ("RDO Construction"), RDO
Financial Services Co. ("RDO Financial Services"), and RDO Material Handling Co.
("RDO Material Handling") (RDO Agriculture, RDO Construction, RDO Financial
Services and RDO Material Handling are hereinafter collectively referred to as
the "Borrower").

                                    RECITALS

WHEREAS, Lender and Borrower entered into that certain Third Amended and
Restated Loan Agreement dated as of December 16, 2002 (the "Loan Agreement");
and

WHEREAS, Lender and Borrower wish to amend the Loan Agreement to further clarify
and amend certain provisions in the Loan Agreement;

NOW, THEREFORE, in consideration of the mutual covenants contained in this First
Addendum, and other good and valuable consideration, the receipt and sufficiency
of which is expressly acknowledged, the parties hereto agree to replace Section
11. Financial Covenants, in its entirety with the following:

11.  FINANCIAL COVENANTS.

     Except as otherwise indicated herein, any financial terms used in
     connection with financial covenants herein are used in accordance with
     generally acceptable accounting principles. Terms used in this Loan
     Agreement that are not described in Section 1 of this Loan Agreement are
     defined in the manual captioned "Comparative Management Review" published
     by Deere & Company annually.

     For purposes of this Section 11, the financial requirements contained
     herein will be based on the consolidated financial information of the
     Guarantor as defined herein.

     The following financial requirements will be maintained as of the end of
     each fiscal quarter beginning with the first full fiscal quarter following
     execution of this Agreement:

     (i)  the ratio of Consolidated Total Liabilities minus Subordinated
          Indebtedness to the sum of Tangible Net Worth plus Subordinated
          Indebtedness to be less than or equal to 4.5 to 1;

     (ii) the ratio of the Consolidated EBIT on a rolling four-quarter basis to
          Consolidated Interest Expense at the end of each of the following
          fiscal quarters end to be greater than or equal to .65 to 1.00 for the
          fiscal quarter ended July 31, 2002, 1.00 to 1.00 for the fiscal
          quarter ended October 31, 2002 and 1.25 to 1.00 beginning on January
          31, 2003 and for all quarters thereafter;

<PAGE>

SECOND ADDENDUM TO
THIRD AMENDED AND RESTATED LOAN AGREEMENT

     Further, the following financial requirement(s) will be maintained as of
     the end of each fiscal year:

     (i)  the Tangible Net Worth plus Subordinated Indebtedness at any time must
          be greater than $50.0 million at all times.

     Additionally, Borrower agrees to provide Lender with a covenant compliance
     certificate concurrently with the submission of the required financial
     statements each quarter detailing each financial covenant, the level of
     performance required by the financial covenant, and the actual level of
     performance achieved relating to the financial covenants. Borrower agrees
     that the Covenant Compliance Certificate shall be certified as true and
     accurate by a financial officer of Borrower and/or Guarantor. Any covenant
     waivers provided to the Borrower at the Borrower's request from the Lender
     as a result of non-compliance with financial covenants are subject to a
     Five Thousand Dollar ($5,000.00) fee per waiver. This fee is due and
     payable at the time of the waiver request.

Except as expressly amended by this Second Addendum, the terms and conditions of
the Loan Agreement and any previous Addendums remain in full force and effect.
This Second Addendum constitutes the complete understanding of the parties
hereto and supersedes all prior understandings of the parties relating to the
matters discussed herein. This Second Addendum may only be amended or modified
by the terms of a written instrument signed by all parties hereto. This Second
Addendum shall be governed by and construed in accordance with the laws of the
State of Iowa.

IN WITNESS WHEREOF, the parties hereto have executed this Second Addendum
effective as of the date first above written.

LENDER:                                              BORROWER:

JOHN DEERE CONSTRUCTION                     RDO AGRICULTURE EQUIPMENT CO.
& FORESTRY COMPANY

By:     /s/ Dan Coogan                      By:     /s/ Thomas K. Espel
      ---------------------------                 ------------------------------

Name:   Dan Coogan                          Name:   Thomas K. Espel
      ---------------------------                 ------------------------------

Title:  Mgr., Whsl Finance                  Title:  Treasurer
      ---------------------------                 ------------------------------

JOHN DEERE COMPANY, A DIVISION OF           RDO CONSTRUCTION EQUIPMENT CO.
DEERE & COMPANY

By:     /s/ J.R. Spear                      By:     /s/ Thomas K. Espel
      ---------------------------                 ------------------------------

Name:   J. R. Spear                         Name:   Thomas K. Espel
      ---------------------------                 ------------------------------

Title:  Mgr., Ag Whsl Finance               Title:  Treasurer
      ---------------------------                 ------------------------------

                                       2

<PAGE>

SECOND ADDENDUM TO
THIRD AMENDED AND RESTATED LOAN AGREEMENT

DEERE CREDIT, INC.                          RDO FINANCIAL SERVICES CO.

By:     /s/ David A. Reuter                 By:     /s/ Thomas K. Espel
      ---------------------------                 ------------------------------

Name:   David A. Reuter                     Name:   Thomas K. Espel
      ---------------------------                 ------------------------------

Title:  Div. Fin. Mgr.                      Title:  Treasurer
      ---------------------------                 ------------------------------

                                            RDO MATERIAL HANDLING CO.

                                            By:     /s/ Thomas K. Espel
                                                  ------------------------------

                                            Name:   Thomas K. Espel
                                                  ------------------------------

                                            Title:  Treasurer
                                                  ------------------------------

                                       3

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