50 bucks an acre is a typical rent for dryland in the western High Plains. That's actually pretty cheap when you consider the going purchase price for such land is over $1500/acre. So why isn't everyone flocking out west to snatch it up?
First, most of the rental ground is locked up in long-term leases by Big Time Operators, who are quick to snatch up what comes on the market. The land you would be able to rent would likely be neglected ground that will need a lot of fertilizer before it will produce decent crops. Then you have the high cost of entry: You're going to need over a thousand acres to make a decent living, so you'll need to purchase fairly big equipment to get started. Now the kicker: It will be a year and a half before you get your first crop; dryland out there needs to be rested ("summer fallowed") every other or every third year. So that means your real cost per crop year is $100/acre on a two-year rotation or $75/acre on a three-year rotation.
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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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