I'd not want you as a partner in my farm if your first thought is selling off the one good asset I have - topsoil! Yikes. Hope you talked that over with your partner before going too far with that idea. :)
Sounds like your partner will be the brains of the operation, you will be the money backing part of it?
It's a good life, but it's work, and you need someone - wife or you - to have a full time job for steady income and benifits - health insurance.
Dairy can be a more steady income than other farming, but it is more work and in down cycles you can spend a great deal of money with less coming back in which is not for everyone.
Any more, a 300 acre dairy farm is getting pretty small. The tide is becoming a 4000 head dairy farm. You and I can disagree with that trend, but that _is_ the trend, and milk buyers, govt regulations, and equipment suppliers will all gear up for tht 4000 head dairy, so if you are looking at this for the next 30 years - think out how profitable this farm will be, if there is enough income for 2 families, and so forth.
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