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Tractor Talk Discussion Forum

Beginning Farmer

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JohnDeereBMan

12-05-2003 23:09:20




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I am currently a college student in Pa, but I am from NJ. I was just wondering if anyone is from the mid-atlantic region, and what ag land goes for in NJ,Eastern PA,MD,DE. My goal is to purchase a farm when i get out of college, and i was just wondering if there is any reasonably priced farmland left in the mid-atlantic. In Central NJ, land prices have skyrocketed to the point where there is no hope of farming in my area, or of my family's farm existing for much longer. This may be unobtainable, but i would like to find a farm around 100 acres with a house in the 400,000 price range. Is this tangible? Any advice or words of wisdom would be greatly appreciated. Thank you very much!
P.S. I also have a couple of red, and the other green tractors.

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buickanddeere

12-07-2003 13:47:45




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 Re: Beginning Farmer in reply to JohnDeereBMan, 12-05-2003 23:09:20  
May want to consider picking up an union trades apprenticship that pays well. Getting some cashflow helps to carry the mortgage and be able to eat indoors in a warm house. And rent or cash crop the land for a few years. Poverty isn't all it's cracked up to be. Not too many peopel other than farmers would work a 2nd job just to put cheap abundant food in people's mouths however.



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AWB

12-07-2003 05:01:48




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 Re: Beginning Farmer in reply to JohnDeereBMan, 12-05-2003 23:09:20  
We operate a family farm which has been in the family since 1936. Back in the 40's and 50's it was a really good business and we were able to pay for the land. The only reason can continue on is that the land is mortgage free, otherwise we would not be able to continue in business.



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JMS/MN

12-06-2003 23:38:14




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 Re: Beginning Farmer in reply to JohnDeereBMan, 12-05-2003 23:09:20  
A few decades ago there was a famous fellow who said "Go West, young man, go West!" Sure, you need to tolerate a bit of weather that is tougher than the mid-Atlantic, but moving to the heartland of this country does have its advantages. If you'd be interested in a 400 acre, 70 cow dairy for a fraction of your local prices..... ..... ..



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Al

12-06-2003 20:16:55




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 Re: Beginning Farmer in reply to JohnDeereBMan, 12-05-2003 23:09:20  
I,m located in the Flemington area.They have farms that are in the farmland preservation program that go up for auction every once in awhile.The starting bids range around $200,000.00 for roughly 50 acres.You might be able to pick up one fairly resonsable.The developers can't buy in because they have to stay a working farm.They are listed in my local paper from time to time.Right know there are about a 1/2 dozen listed in Mercer co.,Warren co.,Cumberland co. and Cap May co.The paper they are listed in is the Delaware Valley News.You might be able to check it out on the web.

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JohnDeereBMan

12-06-2003 20:40:01




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 Re: Re: Beginning Farmer in reply to Al, 12-06-2003 20:16:55  
Hey! You are not that far from me, i currently go to Delaware Valley College in Doylestown,Pa.



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John

12-06-2003 13:30:57




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 Re: Beginning Farmer in reply to JohnDeereBMan, 12-05-2003 23:09:20  
I wish you luck,but I don't think you are going to pay off a $2500-$3000 a month mortgage by farming,not to mention equipment,maintenance,fuel,taxes and insurance and living expenses. Time you figure all this in you are looking at $6-7000 a month dead expense.



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Vertn-MI

12-06-2003 08:18:15




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 Re: Beginning Farmer in reply to JohnDeereBMan, 12-05-2003 23:09:20  
$70,000 and acre in SE Michigan. Saw 40 acres go for $12,000,000 to a developer.



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FRANK

12-06-2003 08:03:52




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 Re: Beginning Farmer in reply to JohnDeereBMan, 12-05-2003 23:09:20  
WISH YOU SOME LUCK IN FINDING A PLACE AT THAT PRICE. A HOUSE IS SELLING FOR A HUNDERD THOUSAND PLUS. LAND TEN TO TWENTY THOUSAND ACRE. IN NORTHEASTER PA.FARMING IS ONLY FOR THE PEOPLE THAT HAVE THE LAND OR THE LAND THAT WILL BE HANDED DOWN TO THEM. TRYING TO BUY A FARM AND FARMING FOR ALIVING IS A THING OF THE PAST TODAY THE PRICES ARE TO HIGH AND EQUIPMENT IS OUT OF SITE. IF YOU HAVE THAT KIND OF MONEY TO BUY IT. PUT YOUR MONEY SOME PLACE ELSE. AND GET A RETURN ON IT. GOOD LUCK

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Mike

12-06-2003 07:34:54




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 Re: Beginning Farmer in reply to JohnDeereBMan, 12-05-2003 23:09:20  
I am from Lancaster County Pa. Around here if a farm is up for sale the two highest bidders will be an Amish man and a developer. Dont figure on touching anything for less than $10,000 an acre. Saw several nice farms in the 50-60 acre range sell last winter for that price.



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john

12-06-2003 07:58:30




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 Re: Re: Beginning Farmer in reply to Mike, 12-06-2003 07:34:54  
If a Amish man can afford a $10,000 acre farm I may need to sell my tractor and car.. or get my wife to start making quilts..... .



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Robert in W. Mi

12-06-2003 18:40:46




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 Re: Re: Re: Beginning Farmer in reply to john , 12-06-2003 07:58:30  
I "hear" they pool there money to buy things. I know a guy who sold some land to an Amish guy for $80,000.00. They showed up with there buggies, signed the papers and brought in a milk can full of hundreds. When it was empty, they went out and got another untill they had 80K on the table!!

Poor ole' guy sat there all night sitting on the $ under the coutch with a loaded shotgun, untill the bank opened!!! He was scared to death he'd get robbed! True story!!

Robert

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Dieselrider

12-06-2003 04:10:48




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 Re: Beginning Farmer in reply to JohnDeereBMan, 12-05-2003 23:09:20  
I would imagine, from what I see in Lancaster Farming newspaper, that land in Jersey or eastern Pa. will be pretty steep in price. However if you move a little further west to central Pa. you should be able to find land and a house for what you're willing to pay with no problem. Land out here is going for between $300 and $500 an acre- sometimes alittle higher. There are plenty of Farms setting around growing up in weeds, if you don't mind the extra work to get them back into shape. Another thing to consider though is out here you'd be off the beaten track if you were planning to market anything in the cities.

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John Deere B Man

12-06-2003 08:06:42




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 Re: Re: Beginning Farmer in reply to Dieselrider, 12-06-2003 04:10:48  
I was just wondering what county is the 300-500 dollar land located in. I was looking at farms in huntingdon county and mifflin county, and they all seem to bring atleast 1,500 an acre? I know up north land is cheap. Thank you for any information.



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Dieselrider

12-07-2003 06:07:38




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 Re: Re: Re: Beginning Farmer in reply to John Deere B Man, 12-06-2003 08:06:42  
Try Clearfield, Centre (not close to State College), Blair(other than Altoona area) counties or those right around them. Not every piece of land is going to go for that but those that are not currently being farmed and are starting to grow up can be had for those prices. The developers are interested in pieces that are close to larger towns and cities that they can sell the lots for inflated prices.The area is very rural and off the beaten path so the developers aren't interested in alot of it-yet. Do your homework and you can find good deals in this area. I do agree that Pa's tax structure is all screwed up though so make sure you get into a piece of property that you can get on "clean and green". Good luck.

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RB/CT

12-06-2003 09:25:46




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 Re: Re: Re: Beginning Farmer in reply to John Deere B Man, 12-06-2003 08:06:42  
Whats wrong with $1500 acre? Around here an acre goes for about $150,000. If you bought 100 acres at $1500 an acre that would be $150,000, and if you plan to spend $400,000, you could find a nice farm. I have ten acres in Columbia County PA, you could find a very nice farm in that area. Check www.pressenterpriseonline, the local paper and click on real estate. In my opinion PA taxes are out of whack. It is all based on residential property. It is the only state in the union with no state budget. The only land to own is on the Clean and Green Act with a tax break. Study hard, and good luck.

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JohnDeereBMan

12-06-2003 11:05:57




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 Re: Re: Re: Re: Beginning Farmer in reply to RB/CT, 12-06-2003 09:25:46  
150,000 dollars per acre is what land goes for in central nj, which is a low price. A neighbor sold 2 acres at 150,000 an acre about 6 years ago. Its a shame, and the developers ruined a very beautiful area. The average house in my township goes for over 800,000 dollars, we call them McMansions. They all look the same, and they are about 3,500 ft2. Many people cannot afford to furnish them, and everyone has the luxury suvs. As soon as the stock market goes down, the houses go for sale. I am less than 20 miles from nyc, and i am only 20 years old but i remember when there were farmers left in the area. We are pretty much the only ones left, and we quit farming full time a couple of years ago.

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george md

12-06-2003 12:20:13




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 Re: Re: Re: Re: Re: Beginning Farmer in reply to JohnDeereBMan, 12-06-2003 11:05:57  
JD B man,

You must be close to where I used to live up there, we lived near boonton out on split rock
road . My father built the little stone house just
passed stone road. Land around here in northeastern md is bringing 20,000 mostly from developers .Directly across the line in york co Pa it's bringing 10K from either
developers or black hats. Taxes and all the other expences are about to run all of us with farms out
of this area .

george

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george md

12-06-2003 12:17:17




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 Re: Re: Re: Re: Re: Beginning Farmer in reply to JohnDeereBMan, 12-06-2003 11:05:57  
JD B man,

You must be close to where I used to live up there, we lived near boonton out on split rock
road . My father built the little stone house just
passed stone road. Land around here in northeastern md is bringing 20,000 mostly from developers .Directly across the line in york co Pa it's bringing 10K from either
developers or black hats.

george

george

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JohnDeereBMAn

12-06-2003 17:34:39




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 Re: Re: Re: Re: Re: Re: Beginning Farmer in reply to george md, 12-06-2003 12:17:17  
I am from the Basking Ridge/Warren Area. I'd say half way between Newark and Somerville.



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Shane

12-06-2003 05:52:26




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 Re: Re: Beginning Farmer in reply to Dieselrider, 12-06-2003 04:10:48  
$300 to $500 an acre! That is about a tenth of what it goes for here in northern IN. Most of it here goes for around $3000 an acre.



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