I think as a starting point you should ask yourself if you can make the payments based on what local cash rent is paying based on current interest. THEN ask yourself if you can make the payments on HALF the cash rent with DOUBLE the interest rate. I've got a feeling that we're going to be heading there; mabey in the not so distant future. If you can't handle that you'd be best to leave it for someone else. If you can handle that, mabey then you go ahead. After you've gotten settled in then you can start looking at growing more hay, etc or whatever you're interested in. I would tend to think that throwing another 200 acres worth of hay onto the local market might not be such a wise idea all at once. It takes time to build up a list of good reliable customers. Something that's more easily done over a period of time. Also gives you time to grow into the problems you ~will~ encounter. Laying down 50 grand or 250 grand on crop inputs without a whole lot of experience will break you VERY quickly if there's some small screwup.
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Today's Featured Article - Usin Your Implements: Plow and Disc - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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