When I had to move to a new job I needed a place with a few acres because my kids had a couple of horses. What I found was a dairy farm that was for sale because the owner was being foreclosed on. I bought the 150 acre farm for less than a house in town. My early farming was just doing hay and some replacement cows. I eventually expanded into some crops that I sold to local farmers and later into beef cattle. Today I farm over 300 acres, mostly grain crops and some beef. I have a good retirement income from my job so I am not as concerned about farm income although I admit I do make some good money. I also run some other business from home and that helps me keep busy.
My advice to a want to be young farmer is thus. Get a good job and save all of the money you can and keep good credit. And then when the moment comes and there is that farm for sale you can use your savings and good credit to buy it.
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Today's Featured Article - Farmall 460: That's My Girl - by LeAnn R. Ralph. How many sounds can you think of that are as familiar to you as your own breathing? What about the hum of your refrigerator? Or the thump of your clothes dryer? Maybe the engine of your car? You hear those sounds every day, and you don't think much about them, do you. I can think of a few common, ordinary sounds in my daily life, too.
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