Yesterday's Tractor Co. Shop Now
   Allis Chalmers Case Farmall IH Ford 8N,9N,2N Ford
   Ferguson John Deere Massey Ferguson Minn. Moline Oliver
Classified Ads
Photo Ads
Tractor Parts

Discussion Forums
Project Journals
Tractor Town
Your Stories
Show & Pull Guide
Events Calendar
Hauling Schedule

Tractor Photos
Implement Photos
Vintage Photos
Help Identify
Parts & Pieces
Stuck & Troubled
Vintage Ads
Community Album
Photo Ad Archives

Research & Info
Tractor Registry
Tip of the Day
Safety Cartoons
Tractor Values
Serial Numbers
Tune-Up Guide
Paint Codes
List Prices
Production Nbrs
Tune-Up Specs
Torque Values
3-Point Specs

Tractor Games
Just For Kids
Virtual Show
Museum Guide
Memorial Page
Feedback Form

Yesterday's Tractors Facebook Page

Related Sites
Tractor Shed
Ford 8N/9N Club
Today's Tractors
Garden Tractors
Classic Trucks
Kountry Life
Using Your Tractor & Crop Talk

Discussion Board - Re: Thinking about farming....advise

[Show Entire Topic]  

Welcome Guest, Log in or Register
Author  [Modern View]

08-15-2012 22:50:50

Report to Moderator

It costs you taxes, it cost you something to buy/own, and you are losing the rent check, so the land is not free.

You need to farm it and make more than what the rent check would be for doing nothing.....

It ain't free.

However, if you own it, then the irrigation makes a lot more sense, either you or a renter can make that pay off maybe possibly.

It's real hard for a new operator (you) to make top yields just starting out. It takes a lot of time to farm right. As a hobby farm, it can be difficult to devote the proper time to farming. Mess up on fertilizer, or more likely weed control, and you can lose 35-40% of your yield in a couple weeks, and there is no way to recover from that, you just lost out for a whole year.

The current ag bubble we are in will end sometime. Probably sooner than later. As a new farmer, you will think the high grain prices are nice. They will _not_ last. This will hurt a lot of farmers, and will hurt you because you've never experienced it. When the ecconomy heals, we will return to prosperous city folk, a strong USA dollar, and that will kill exports - so grain will return to $3 corn and $7 soybeans. It's real hard to pay back $100,000 with those grain prices on 60 acres. It' real hard to pay the seed and fertilizer in those years.....

Doesn't mean you shouldn't do it. :) Just some of the pitfalls for you to watch for. I'm sure you are interested in it and want to go ahead, I'm not telling you not to. Just a bit of a look at the dark side of it all, so you have some perspective.

60 acres is that in between size, big enough you are dealing with real money, but not big enough to live off of. Get caught up in a few wrong positions, and you could be out a big chunk of money. Do everything right, and you still only have income off 60 acres, not going to make a retirement nest egg. The risks are higher than the rewards, money wise, at that size.


[Log in to Reply]   [No Email]
[Show Entire Topic]     [Options]  [Printer Friendly]  [Posting Help]  [Return to Forum]   [Log in to Reply]

Hop to:

Fast Shipping!  Most of our stocked parts ship within 24 hours (M-Th). Expedited shipping available, just call! Most prices for parts and manuals are below our competitors. Compare our super low shipping rates! We have the parts you need to repair your tractor. We are a company you can trust and have generous return policies. Shop Online Today or call our friendly sales staff toll free (800) 853-2651. [ About Us ]

Home  |  Forums

Copyright © 1997-2018 Yesterday's Tractor Co.

All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy

TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.

Yesterday's Tractors - Antique Tractor Headquarters