Are you sure about 75 bushel beans in Tenn? Best I think I ever had was 62 here in Missouri bottom ground. We probably average around 40-45, but when planting, I plan everything on 30 bushels per acre.
I have a trucking buddy who complains about the cost of running a truck, and throws out figures like you did about farming. He thinks he should just farm and pocket a hundred thousand a year.
A little info...
Corn will cost about 300-400 an acre to put in and harvest if you keep everything to a minimum.
Beans have a lower fertilizer cost, but seed beans are hitting 50 to 75 dollars per bag. Please note, you cannot raise beans every year on the same ground, you have to rotate those crops.
Unless re-seeding for hay, people here have stopped growing wheat. Fertilizer costs make it a constant loser.
We have 700 acres, but have found cash rent usually pays more than farming. So, half is rented, I farm the other half and work a six day a week job on top of that to get spending money.
Move into it slowly. I like your drive, but use your worst case scenario when figuring farming finances. Your bank will!
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Today's Featured Article - Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather’s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
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