Re: How can you get into farming with these kind of land values?

Posted by JD Seller on April 13, 2018 at 19:25:37 from (208.126.189.95):

In Reply to: How can you get into farming with these kind of land values? posted by BrianV_ on April 13, 2018 at 18:55:18:

Well trying to buy land to raise cattle on it never going to work with high value land. Cattle are rarely grown on high dollar land. That is why pasture land is usually not suited for other crops. So I would start out looking for pasture land to rent. Spend your money building a herd. Cattle do not care if you own the land or not. LOL

I know very little about trying to raise purely grass feed beef. I raise a lot of cattle finished with grain. I also know you need to research your market before you produce the first pound that you intend to sell. I find your income numbers to be well above those I would use when making any type of financial plans. This comes from being in the cattle business and being on the loan broad of a local bank for a number of years. I got to be involved with a lot of people's actually numbers not the ones talked about at the coffee house. Those numbers usually are way lower than the planned or talked about numbers.

So research your local market for the type of beef your wanting to sell. Use very conservative numbers when figuring your net/gross income. If your numbers work in "real" life then find some land to rent that works for the type of operation your trying get started. Slowly build your numbers up. Your going to do this in several ways with the most important being experience. Then second would be building a financial base to grow on. Wait on buy any land until the value cycles down.

Starting farming on your own is a slow process. A fellow once told me farming is like having a really little engine trying to start and turn a HUGE flywheel. It takes time and perseverance to get rolling but once it does get going it will roll along with less effort.

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