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Re: Can it be done? Farm purchase


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Posted by paul on April 22, 2008 at 23:11:38 from (66.44.132.218):

In Reply to: Can it be done? Farm purchase posted by wanttofarm on April 22, 2008 at 21:39:10:

Yes.

You are crazy.

Most of us farming are.

Can you buy it from your bank account? You can probably make things work.

Need to borrow over 40% of it???? It will never pay for itself.

Good farmland goes for that, 180bu corn land. So if it were all good farm land, you could rent it out & make payments - for now. Someday inm a couple years crop prices will sink again & then you will be losing money.

With only 1/2 of it good farm land.......

Can't pay for itself, no way.

If I talked you out of it, good, you weren't meant for it. If you ignore me & find a way to make it work - good for you.

But - it won't pay for itelf, not ever. You are buying high, will be selling low in a few years....

--->Paul


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