It's up to you and what you want to do? How much equity do you have in your current home? What's the real estate market like in your area, or how hard will it be to get your money out of the current home? You say the tillable ground is rented, for how much (cash flow is cash flow it could help cover the debt or your property taxes) Wooded land? what's the market for timber in your area, do you have marketable timber.
I guess what I'm saying is don't look only at the debt but look at revenue the farm could or would throw. Heck were I live in Iowa if your folks still had the 200 acres they'd probably be able rent it for close to $60,000 a year
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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