Somebody should tell you this right at the beginning.. if you do not have lots of capital you will fail at farming or almost any business. There is no way that a beginner farmer can afford to buy the imputs to plant a big crop and I am not talking about the cost of seed and fertilizer but also fuel, machinery repairs, labor and land rent or payments. You have a big dream but I can not see it becoming anything more. As JD Seller states below you are trying to start a crop farm when the most experienced farmers are not even able to break even. And I do not see how you are going to expand your beef herd when a feeder calf sells for $2.00 a pound. Raising beef is not a free operation and even though beef is bringing good prices now the profit margin is still pretty tight. Think of it this way, if you have 50 brood cows and each has a calf that you sell for $1000 your income is just $50,000. Now subtract the cost of feed, medical care, land costs, machinery cost and then there is the mortality factor. Do you get the picture?
I, and many others worked for many years at jobs punching that time clock before we had the means to pursue our dream of working with the land and animals. Very few of us could have afforded to pursue our farm dreams if our wives were not working outside the home and earning money to help improve our financial future. I wonder if you just do not like to work for others!
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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