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 - Show Coverage: Fair Weather Tractor - by Dave M.. No, Fair Weather isn't some rare brand. It's the kind you can't leave out in the rain. Here's how it happened. I had been casually looking for a tractor for weeks. I saw a few 9N's, but they had even fewer amenities than the 8N my Grandpa bought new in '52 with a Dearborn loader. That was 10 years before I was born, so I grew up thinking that 8N was the world's best tractor. Grandpa had greenhouses, with over half an acre under glass, and that 8N did almost everything. It was the only
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