Posted by tree-farmer on September 02, 2019 at 11:19:24 from (47.36.83.157):
I would like to buy 30 acres that was part of my grandparents farm years ago, then a cousin inherited it, now is for sale again.
I own 80 acres from my parents farm next to it that I’ve inherited and farm about 30 of it.
I haven’t bought land before and would like to ask for thoughts. How can I leverage 80 acres that I now own, to buy another small piece of land? Does that help me if/when buying more farmland?
Can I get better terms/lower interest? Can I use it to get a low down payment? Other benefits? It’s in Missouri, I don’t live on the farm, I have another job for income.
Any thoughts or advice on how this would work? Is it helpful to already own land, in wanting to buy additional land? (Yes, I know, don’t depend on legal advice on this forum, get additional opinions/legal advice, when needed, but many people on here have lots of good experience)
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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