True of course but money is much easier to come by now,its all sort of relative. Saw a good 160 acre bottom land farm planted all in alfalfa sell for $180,000 a three or four months ago, so bargains are out there. I'm not trying to discourage him in any way. Its simply that farming is changing,very fast. So many new rules and regulations that even the folks who put them into effect have trouble explaining them. my point is this, if your just starting out in farming today,work from a position of security. It seems like farmers these days are on the top of the hit list right behind the terrorists and bp,you better not stick your neck out too far.I know how much land sells for and i know how much it rents for,but its hard to fault a guy whos paying that $8000 an acre for renting his land to the highest bidder also, if you see what i mean.That 8000 an acre is exactly why i suggest talking to the bankers and the loan companies,they know whos going to default and you can often step in,make a real deal and help out everyone involved. Nows the time to buy, if you can,its not the time to go far into debt for sure. Its probably not the best time to start farming,but things dont seem to be looking better for the future either.when you start paying the farm inputs nowdays and try to make a living ,you better have you ducks in a row, I'm getting out myself too old and too tired.I can feed a few old cows and work far less.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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