Posted by Iowa Corn and hogs on November 17, 2011 at 06:00:40 from (75.107.96.58):
In Reply to: OT. FUTURE OF FARMING posted by NE.IL on November 15, 2011 at 02:56:57:
The best way to "farm" is to make your $$ elsewhere first, somehow work "off-farm" for a while and save up some cash. There is nothing wrong with hobby farming--it takes the stress out of it.
1) If you have a GOAL and work towards it, good things will happen. A DREAM is just that--a goal takes preparation.
2) Get an education, LOTS of it. Bachelor's is a must if you want to improve your odds, Master's is even better.. Don't tell me you can't--you just don't want it enough.
3)"working for the other guy" never made anyone rich. Do it for a few years if you have to, but then start a business of your own. RISK = REWARD. But you must have a well-orchestrated plan, not a dream. Don't watch tv, go to business seminars or read a book.
4) working for yourself, being self-employed, is just a 24-hr-a day job. Run a business with employees doing the daily work and you setting at the desk brainstorming, working on the future, ect. Doing the day-to-day menial stuff (other than when first starting out) limits your ability to grow. Business can be successful beyond your wildest dreams!!
5) Business profits = farm ownership, if you so desire. Trying to scratch out a living just from the land w/o some "help" is probably not the best course of action these days.
6) Land prices are always too high (at the time of purchase). Always have been, always will be.
7) Cash is king!! Bargains come along for those with a quick analytical mind and available cash.
8) The future starts with your attitude. If you think you are beat, then you're right!
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