Posted by M-Farm on January 08, 2015 at 08:56:41 from (107.221.68.95):
In Reply to: Buying Land posted by picassomcp on January 07, 2015 at 08:53:15:
First of all, the land in your area sounds dirt cheap to me.
You are quickly learning how difficult it is to start out even small time farming. Makes me wonder what the future will look like at this rate.
Around here there are fewer and fewer farmers. The ones that are left simply buy out the ones who retire, making them larger and larger. You either get into farming by inheriting or you are out of luck. You can't afford the equipment unless you have a large operation to spread the cost out on.
But back to the main issue. The more tillable land the better the price. Even areas with lots of trees go for high dollar to the people that want a little land to hunt on, they are driving up the price on a lot of this stuff. You will just have to be persistent, it really does pay off. Follow the advice of knocking on doors.
Not trying to depress you, I just fear we are returning back to some sort of plantation or feudal system. You can't just go get a loan and get some farmland and poof, you are farming. You are priced out of the land, out of the equipment, and if you didn't grow up farming good luck learning all of that in a year or two. I have never met a farmer who was less than 3 generations or so, and they usually have hundreds of acres they inherited and lease another couple of thousand, and can afford to outbid you on most anything that comes up.
Which leaves people like me one option: Livestock! somebody mentioned that above and it requires very little equipment, far less land and mostly labor. If you are willing to go this direction then your cashflow "may" work out better for you.
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