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 - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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