Re: what was it like when you started farming

Posted by JD Seller on March 07, 2015 at 18:39:09 from (208.126.198.123):

In Reply to: what was it like when you started farming posted by Brian806 on March 07, 2015 at 14:40:20:

Well you will have to work for a good while to build capitol to work with. The it is a waiting game.

Now is the exactly WRONG time to be thinking about buying land. We are at or just past record HIGH land prices. The land values will drop in the future. They cycle in 10-15 year rotations. Build your base and watch for the land values to be more affordable.

Land will just about never entirely pencil out buy itself. You will have to bring other income in to make the payments. It is when you get some land paid for that you can roll then. You can have paid for land helping pay for additional land.

Guys that bought land in the late 1960s and then did not buy HIGH priced ground in the 1970s where the cash buyers in the 1980s when the high priced buyers went broke.

Livestock can be the leverage to use to get started. Just be darn careful with the prices being as volatile as they are right now. Maybe try custom feeding to use your labor and not risk so much monetarily.

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