What you're doing is probably about the same as most of us who started with nothing. When I came out of the service, I didn't have a pot to pee in or a window to throw it out. I started helping a neighbor, and then a friend of his. The two of them got me to start into farming, and gave me the chance and machinery to do it. I bought this farm ten years later and still help the son of one of them. I own all of my machinery, have a herd of beef cows, the farm is paid for and I still rent most of the ground I farm- close to 3/4 of my operation. I worked full time for thirty years and farmed in the off time- probably as much time on the farm as I put in at work. It isn't easy, and you HAVE to be in it for the long haul. Go to auctions, and don't be afraid to leave empty handed. Pick up good used machinery, and fix up some junk if it's what you can do cheaply. Watching the pennys really does turn into dollars if you're smart and use money wisely. Keep your credit impeccable, and talk to Farm Credit for a stable cash source. They can and will help you more than any other bank- I know because they worked with me to buy this place. Just keep the faith even when it looks bleak- farming's that way....
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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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