Posted by soder33 on January 31, 2011 at 10:31:44 from (156.98.4.11):
I inherited 62 acres of land of which 25 to 30 acres have been in crops (corn and soybeans). There is not a lot of demand for farmland in the area,(land is near a city and the best use would be development) so it was only getting $1700 in rent for the year. This is about a 1/3 of the property tax. The land is on the market, but in the year it's been listed, no offers have been made on it. Must be the recession. So, I was thinking of putting in my own crop, but don't have a clue as to what that should be. I would like to make enough to pay the taxes and cost of putting in the crop without my labor. I would also take it off the market. Keep in mind that my largest tractor is a 1950 John Deere B and I also have a 1952 Ford 8N. I would need to buy or rent most of the impliments for tillage and also harvesting. My thoughts were to put it into hay, as there are alot of people in the area with horses. Anyone have any thoughts? Your wisdom is much appreciated.
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