I think you should talk to the bank. Banks are very cautious about loaning money today. You will be applying for a commercial loan and need 25-35% down, and have documentation about how you are going to pay the loan back. With todays crop prices, and a good buy, you can cash flow land in some areas. But many areas you can not, and there is no guarantee that crop prices will stay high. That means land is a long term investment, and will not provide supplemental income until it is paid for. I don't know much about farming in new york state, but have heard that in some areas you will struggle to make enough profit to pay the property taxes. Josh
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Today's Featured Article - Women and Tractors - Tractor Engine Repair - by Teri Burkholder. One of the great things about working on a tractor engine with your other half is that you know what he is thinking of at all times and can anticipate his every move and his next thought of what he will do. With Ben, anyway, I can tell! He'll be busy working and I’m handing him tools and he says, "give me that..." and I’ve already got it in his hand or "hand me that....."and I’ve got the portable light right where he needed it placed to see. "Run in the house and get me a...."as I open th
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