Posted by nickg on July 30, 2013 at 12:12:34 from (96.27.134.19):
In Reply to: Can it be done? posted by Joe Pro on July 30, 2013 at 11:36:37:
i think its great your looking at doing this and I dont want to discourage anyone who wants to chase there dream of farming. But to make a living off of only a 180 acres with a few cattle would really be hard to do. In a perfect year with good prices you could make that. But you have to figure years where your crops are poor, the market is poor or you may not even get to put a crop out at all. You need to figure insurance on trucks/equipment, crop insurance, gas and electric bills for drying, storing, loading and unloading the crop,if you have someone custom harvest the costs of that. Unexpected repair bills on equipment. property taxes, income taxes, rental on the ground if you dont share crop. Health insurance for yourself and not to mention your household bills. Even being frugal and living very very modestly your very hard pressed especially if your wanting to people to live off that income. My best advice is to stay at your paying job for now and try to slowly grow your farm so that you can get to your goal of only farming. Most of the smaller farmers around here that farm less than 500 acres have jobs off the farm.
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