I will share our story, it is by no means a recipe for success, just some encouragement for you that it can be done.
First do your homework after that don't be scared to take a chance.
Remember farmers are the biggest gamblers there are.
I started out at a similar age and situation as you are in.
A young family, with my wife at home taking care of them.
Successful shop in town and a liveable fixer upper home on some land out of town.
Did that for 10 years, made good money but had no life.
Between equity built up, increase in value from renovations and a peak in real estate at the time it was our time to plug and jump in headfirst.
Sold our property, closed the shop and started shopping.
Ended up moving about 400 miles to an area that property was affordable.
Bought a nice home with a little less than 1000 acres, paid off all our debt and had enough left over to start a herd.
This was shortly after BSE hit and although there was not much money to be made in cattle at the time it was the perfect time to grow a herd with very little capital investment.
Best move we ever made and we have never looked back.
Great life and a great place to raise a family.
Yes lots of hard work at times but if you are scared of that then farming never will be your place.
Put up with rag tag old equipment until you can afford better. Do not overspend on the good years and it will carry you through the lean years.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
... [Read Article]
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