Do the Math, do not allow emotions to push you into a deal that you can not afford. If you are lucky and the Neighbor is wanting to see the farm continue to be farmed and sell it at a reasonable price, buy it. If they choose to get greedy and get every penny they can, let it go. Not worth going bankrupt and loosing everything. I am on the side of farm land prices are at or very near the top at this point. I see them dropping substantially in the next couple years due to interest rate increases and continued crop prices in the cellar. I have seen several cycles since buying the farm in 1989. I could make a huge profit if I sold now. We got lucky bought when land was cheap, and interest rates were high, it was tough, but was well worth it. Re financed when rates dropped. I am sure I will see the value drop again, but likely never to what we paid for it. Just make sure whatever you do is sensible.
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Today's Featured Article - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
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