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 - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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