The last few years have made farming very profitable but there have been more years of cash corn hovering right near (or under!) two dollars per bushel since I started farming in 1988 than I want to remember. Granted input costs were not as high then, but it was a very tight budgeting situation and many farmers failed or even retired just to be rid of it all. If I did not have a neighbor retire and rent me a quarter of land, and without trading my labor for using some of my dad's machinery use, there would have not been a way for me to get started farming.
Most of us have gotten a few knives in the back along the way too so you are not alone there either.
Right now in the mid west cattle prices are through the roof so trying to get started in them would be a huge risk too.
Keep saving your money, look for an older farmer to work for who may need some hired labor and provide a chance at renting some land when he retires, and keep your powder dry. If the price of corn tanks again, and it will, there may be opportunities to get started then.
Try not to worry about not keeping your pledge to your grandfather that you would be farming someday. We never know what path our life will take us on, we can't see into the future. The best thing for you may not even be trying to start a farm from scratch. There are many jobs and careers in agriculture related to farming that can pay very well and keep you tied to the memories of working on the farm with your grandfather. Working part time for a farmer now and then can also let you have some of the fun of fieldwork or harvest without all of the worry of paying off operating loans every year!
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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