Posted by JDseller on April 24, 2012 at 23:36:10 from (208.126.196.144):
In Reply to: The other side posted by Dave SE Mich on April 24, 2012 at 18:48:48:
Dave: Lets look at the what the cost to start farming today would be. 1) The 360 acre home farm would easily bring $2.7 million. That is $7500 per acre. ( I turned that down last fall) 2) I am willing to use some older equipment, so lets just buy a used tractor and combine. Five years old each. It would still cost $300K to buy a complete line.
So lets start out farming with $3,000,000 of debt. Along with the real joy of a roller coaster commodity market. I bet that a Vet will clear more money each eyar.
It makes me see red when someone tells me how much he spent going to school. So a Young vet today has $200K in college debt when he gets out. That education can not be repossessed and he will earn a much higher living for the next 35-40 years. So that is only $4-5K for each year of High income.
What someone spends going to college is a drop in the bucket compared to what the financial risk I take every year planting a crop.
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