Posted by 8N'r--WI on November 01, 2007 at 06:28:52 from (199.67.138.42):
In Reply to: buying farmland.... posted by need your advice on October 31, 2007 at 19:46:32:
Needy----you write----
"There is a farm coming up for sale next to my parents farm"
"my great, great grandfather used to own and farm this land in the 1800's and it has been out of the family since then"
Ask yourself when you think the planets will allign themselves like they are doing now and offer this opportunity to you again.
I can't offer any advice on crop yield, prices, etc. being able to cash flow this deal....... but, if you can swing the payments, you should go for it....
I had an opportunity to buy some land next to my farm that was 3rd generation farmland. I figured this would be the only chance in my lifetime to buy it, so I did.....looking back have not had any regrets.
Whatever you decide to do for you and your family, do not look back, as your decision will be the correct one.
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