You haven't told us who your partners in this venture are. It's an inheritance? Or whether they want to hire a complete novice to farm a million dollars worth of land. With 20 thousand dollars worth of old junk machinery? I gather from your post that you are committed to do some "farming". Keep your day job. Split the difference. Rent 200 acres. Farm 100 for 3 years. see how well you do. Talk to your tax CPA on benefits of depreciating new farm equipment. WOuld you rather pay the IRS taxes on 100k sales of crop or deduct it all for equipment? Meanwhile start spending your nights reading the various state ag .EDU sites , watching RFDTV and hangin out at the truck stop where the real farmers go in the winter.
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Today's Featured Article - Memories of an IH Super A When I was ? up to 10, I worked on my Papaw's farm in Greeneville, TN every summer. As I grew older (7), it was the thrill of my day to ride or drive on the tractor. My Papaw had a 1954 IH Super A that he bought to replace a Cub. My Papaw raised "baccer" (tobacco) and corn with the Super A, but the fondest memory was of the sawmill. He owned a small sawmill for sawing "baccer" sticks. The Super A was the powerplant. When I was old enough (7 or 8), I would get up early and be dressed to
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