You still have plenty of homework to do if you have plans to farm it. For quite a number of locations in WNY 2,000 dollars per acre buys very marginal farmland with limited cropping options. The Mennonites and Amish have exotic means of financing farmland which is reflected in their bids. For smaller farms the church will finance at 1 percent APR for 50 years with a minimal amount down. Can you get the same deal? Unless you figure your job is going to cover all the financing you have a lot of numbers to crunch. Even if you don't care about profitability there is the matter of getting bang for your buck. I'd want to know that this farm can do more than support lower grade forage crops and small grains such as wheat and oats unless once again you don't care about that. Not trying to be a jerk but just trying to temper youthful enthusiasm with some hard logic. One of the first lessons learned while at college while studying agricultural business was know your own strengths and weaknesses and not guess as to the means of what the neighbors may have. The Amish may be able to pay 2,000 dollars per acre and make a go of it but that does not mean that you can.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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