Re: thinking of getting out

Posted by Dave from MN on July 19, 2006 at 19:29:35 from (64.13.56.17):

In Reply to: thinking of getting out posted by Rich Iowa on July 19, 2006 at 19:06:29:

Rich, dont give up! There is gonna be a real demand for farming in the coming years, so what if you arent farming 10000's of acres, why let some one else get rich renting out your land. Every year engineering increases yeilds, but not at a rate exceeding the loss of farmland and the demand to feed a exploding world population. Us smaller guys going out of farming is just what the big guys want, then they can run our ground and cash in. Some qualify for so many programs that a large percentage of thier profits come from all our tax dollars. IMHO I think in the next year or two even some one bringing in 20 acres of a grain will make money, and with what is happening on the other side of the world, we may be shipping lots out in the future. Stay on your local extension agent about programs available and apply for all of them, most times it seems only the large farmers seem to know about them. The big guys will if they rent your land. I am just getting going and am some how hoping to be at 200 acres in 2 years, I have 25 tillable right now that I own, cant buy more at $10,000/acre and expect to make money farming it. So I am gonna pick up as much as I can of what the "big" guys cant get into. Rent from neighbors that retire and dont want to see their farm pounded with round up and chemical fertilizer. I have no issue with the guys that farm 2000+ acres as long as they arent screwing the neigbors. I just think if the smaller guys hang in there a few more years, get ambitious with running the farm as a business, there will be good money to be made for the small guys as well.

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