Posted by Dave H (MI) on October 02, 2015 at 14:21:52 from (50.108.117.249):
In Reply to: Buying a farm posted by Gleanerk2 on October 01, 2015 at 16:14:26:
I live just a few miles from Spook. I have purchased two farm properties in the last four years...so don't know what he is talking about there (or maybe he doesn't?). I also get a pretty fair return on my investment. I do not try to live off the farm alone, but have another business that financed the farm in it's initial stages. In addition to the land I own, I have some additional land rented from others. There are many established farmers in our area...not just a few. There are a few really large ones. One in particular. Some of these folks have rented from me in the past and from time to time I will likely rent to them in the future. It is definitely a mature industry, but ALL industries need new blood and new ideas. Whether you buy or rent, a good strong business acumen and the willingness to work very hard are enough along with some type of "off farm" income. For smaller operators it is not so much about making a living as it is about return on investment. Not enough time to explain it here but if some idiot wants to come along and tell me I am "playing farmer" then they have their heads up...
Just keep working at it and think outside the box.
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