Posted by Spook on October 03, 2015 at 16:11:42 from (104.63.94.65):
In Reply to: Buying a farm posted by Gleanerk2 on October 01, 2015 at 16:14:26:
I actually tried, years ago, in a small way. I planted 10 acres of corn, on ground that I got the use of for free. But I found that my cost on 10 acres was higher than my gross...:) not a way to make money. At that time, corn was $3. I wanted to do hay, but I didn't have any ground that was suitable, and to do that, I needed a longer term access to the property, I didn't want to fertilize and lime a acreage and lose it the next year. The biggest farmers over here on the west side are the Vangilders. The real hoot is the golf course they bought, on D19 south of 96. The golf course folks spent millions constructing the course, now corn and beans fill up the fairways. There is tremendous competition here for ground, and money talks. Most older guys around here either have family or standing offers from neighbors for their ground. Asking about buying farmland about 15 years ago, a real estate broker told me that he never got called to sell a farm in the area, as other farmers or developers were there first.
At my age, and with no children, I am not going to embark on a multi generational activity. And the most successful folks seem to think in those terms.
I grew up with my dad's family growing strawberries, in addition to tool and die jobs, and my mother's family having a small dairy farm. My dads's people only had 5 acres, and the dairy got sold off to a subdivision in the early 60's. So no family ground. I currently have 10 very sandy acres, of which maybe 5 could be considered for a crop of any kind. We have chickens, and a very old goat. We had horses, but thankfully they are gone. We do a garden, and I play with my old Farmall H.
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