Definitely set up a meeting with your county agent. Also start talking to the FSA folks as there is a lot to learn and time lines for setting up operations and get any gov help. Same for crop insurance. Start studying seed and suppliers. Unless you are flush, begin talking to lenders who are going to want to see a long term farm plan from you. You will probably need to borrow anyway to buy out your family as they may not want to gamble with you at least for very long.
Around here, everyone is dodging the weather trying to get tillage and planting done. Sometimes the window only opens for a day or two and sometimes things just don't get planted. You can count on being low man on the coop rental list. Don't count on having a rental available at the time you need it. Same goes for harvest. Line up your custom cutters as you may be low man getting his crops harvested while working around weather delays. Quality and quantity goes down over time. Then the bugs, disease, and hail hits.
Talk to and work with your renter for a while, you may figure out he is worth his salt. After doing it for years he may have it figured out. You need to learn from him, see what he has for equipment, crop rotation issues, and how long he takes.
You can go to many dealers and sales and see how tractors and equipment sell. At the time you decide to bid and also match equipment to a tractor, the price will go up and the best equipment hard to find. Give yourself a year or two to accumulate equipment before letting your tenant go. State laws designate notice to tenants and when they can terminate an agreement. Some are as early as March to get someone out after harvest or else you cycle another year.
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Today's Featured Article - Pitfalls of Tractor Engine Rebuilds - by Chris Pratt. The first pop after you have put the machine together with your own hands is exciting and pleasing. The whole experience can be marred if one moves too fast and makes too many assumptions that they can just use "as is" some parts they should be closely scrutinizing and possibly attended to. In such cases, rework makes what could have been a fun project turn into an irritant or even a nightmare. Minor Irritants To give you an example of an minor but irritating proble
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