Posted by Lee in Iowa on October 31, 2007 at 22:30:04 from (66.172.198.105):
In Reply to: buying farmland.... posted by need your advice on October 31, 2007 at 19:46:32:
If corn drops back to $2/ bushel x 150 bushel will you still have $175 net income? In one of the posts the payment divided by the acres is $259 per acre. 150 bushel at $2 is only $300 income that only leaves $41 for crop inputs. Even at $3 corn you would only have $191 for crop input most of them figure $200 or better now. The only way might be the beginning farmer loan suggested in the other post, but his payments were $180 per acre borrowing $2150 instead of $3600 to $4000. I don't like to be negative, but if its not going to do you any good why buy it. You cannot count on land always going up, just look back at the 80's and look at what's already happening in other real estate. People bought houses with interest only loans thinking the market would continue to go up and now its not. I bought land in the 80's for 400 to 600 that would have brought 2000 or better in the 70's. I hope not, but that could happen again. My dad always said whenever there's a boom there's a bust sooner or later. Lee
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Timing Your Magneto Ignition Tractor - by Chris Pratt. If you have done major engine work or restored your tractor, chances are you removed the magneto and spark plug wires and eventually reached the point where you had to put it all back together and make it run. On our first cosmetic restoration, not having a manual, we carefully marked the wires, taped the magneto in the position it came off, and were careful not to turn the engine over while we had these components off. We thought we could get by with this since the engine ran perfectly and would not need any internal work. After the cleanup and painting was done, we began reassembly and finally came to t
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
