Posted by NY 986 on October 15, 2010 at 19:17:05 from (69.171.163.19):
In Reply to: Milk Prices in NY posted by trainmaster on October 15, 2010 at 08:48:28:
If you are going to do it with any debt I would forget about it. I know good dairy farmers that are good managers and it is getting to the point (if it has not already) where they are considering tapping their equity. Used to be guys could start with junk equipment and move up but it seems like they remain stuck with junk anymore. I would say being in a very unique situation of acquiring very productive land (extremely hard to do without connections here in Western NY) and very productive cows without debt is the only way to have any chance at all. The big time dairies here are willing to seriously outbid competition to pick up more ground. Normally I am an optimist but everybody I see anymore is struggling in the dairy business. Good luck.
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