In the USA some bankers are advising farmers signing up private investors to help buy additional farm land. That is not a sign of great confidence.
It sounds like you are already aware of economics, high risks and low returns in starting a farm. Have you identified the personal reasons you are attracted to farming? There may be other ways to meet those desires with less investment, less risk and maybe better income: work part time for another farmer during the busy seasons; grow some of your own food and meat on your acreage; learn a skilled trade or a management specialty and sell that service to local farms and businesses; do some farming as a hobby with no expectation of making a living and maybe not any profit; continue an off-farm job until you build up a nest egg large enough to buy a farm. If you have a really good idea for profitable farming, can you partner with another farmer or hire another farmer to raise the crop/livestock? If you enjoy the manual labor it may be more profitable to find someone who will pay you for your effort.
Try talking to a farm banker to find out what they need to see before they will make operating loans or loans to buy farmland.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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