Impossible to answer with all the unknowns. What is the price per acre of tillable land? Down payment? Mortgage balance and interest rate? Taxes per acre? Typical yield of corn/beans in your area? Chances of crop failure- how many years out of 10? Your local prices of seed, fertilizer, other crop inputs? Local input costs are easy to figure.....Easy to spend over $200 for beans, $400 for corn. I"ve always felt it difficult to pass up buying adjoining land, (often never again available in your lifetime, plus it can"t be closer to you) but you need to run the numbers, plus your options- like buy/farm, or buy/rent out.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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