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Tractor Talk Discussion Forum

Well, it just may happen

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Farmerboybill

11-20-2004 08:44:02




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I may actually become a real farmer and not just a dreamer very soon.

My grandpa passed away very unexpectedly a couple months ago and his farm just may be up for sale very soon as grandma no longer wants it. The family gets first dibs and Dad wants it but I think I have a very good chance at getting it instead. It's 190 acres with 120 tillable. 12 acres would be corn-beans-corn or corn-corn-corn rotation because it is bottom ground but the rest would be corn-oats-hay-hay-hay as it is highly erodable hillside.

So I was thinking.... Would it make more sense for me to go wheat-hay-hay-hay? Call me crazy but I think I can make more money concentrating on making small squares and large rounds of hay and straw than corn. The area is SW Wisconsin so there are a lot of small dairy farmers, at least for now. Madison is an hour and a half away and all those horse people need hay too.

The farm comes with a full line of equipment -mostly Deere - except a self propelled combine. My father has a full line of farm equipment -mostly Deere- 5 miles away including a Gleaner R50. My father-in-law has a partial line of equipment -mostly Deere- 6 miles away and my wife's grandfather has a partial line of equipment -mostly IH- 7 miles away. With that much support, I may have a shot in the dark...

Unless grandma gives me a break, I'm looking at 35000 dollar-a-year payments. That the scary part. Then there's the weather and the crapshoot of keeping the equipment going....

I know I'd still hafta get an off-the-farm job but I think I could possibly make a go of it - anyone else agree?


By the way, if anyone remembers me talking about a house I was gonna buy, it fell through. They wanted too much and I didn't know at the time how close grandma was coming to selling the farm. In retrospect, maybe not getting that house was a sign.

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DuaneH

11-22-2004 09:56:01




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 Re: Well, it just may happen in reply to Farmerboybill, 11-20-2004 08:44:02  
Reading your post was like reading something that I wrote. I grew up in south west Wisconsin. My mom and dad are still on the family farm and closing in on retirement. My Grandmother still has her farm and is about 10 miles from my dads place and has most of the crop land rented. I have been trying to figure out how to buy it and live there and continue working. My problem is that I am an engineer and the employment options for me in that part of the state are very limited.

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farmerboybill

11-23-2004 05:41:20




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 Re: Well, it just may happen in reply to DuaneH, 11-22-2004 09:56:01  
That is my big concern as well. As an applicator here north of Madison, I am making a respectable paycheck. My savings account is actually growing instead of shrinking. I get down there and what do I do? I'm not very excited about spraying contour strips and it doesn't pay as well anyhow. Also, If I'm trying to put up hay, how do I keep a full time job and still have a reliable quality product? I was thinking I could just work full time for another farmer milking cows but not many offer health insurance. I only want health insurance because my wife and I are planning on having kinds in the next year so she will be out of the full time workforce for quite a while.

I know life doesn't get any easier from this point....

Indy said it exactly right, though - The longer you wait, the harder it is to get started.

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aFORDable

11-20-2004 17:08:05




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 Re: Well, it just may happen in reply to Farmerboybill, 11-20-2004 08:44:02  
I'd say go for it if financially you can handle it without jepordizing you family needs. I've never been disappointed with land purchases although the first few years are always the hardest to make ends meet. One statement you made does bother me though. If dad wants it why not let him have it? I'm not sure what your relationship is with your dad but in a healthy family there should not be competition between parents and children. Surely he would agree to see that you got the farm after him.

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Paul Janke

11-21-2004 05:57:19




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 Re: Well, it just may happen in reply to aFORDable, 11-20-2004 17:08:05  
Working WITH Dad instead of trying to beat him out of it seems like it would be lots better. It might allow both of you to farm and make a go of it instead of trying and failing. Two families would each need to only support half of an operation during times it might show a loss (in agriculture, it could be the rest of this century and all of the next). I wish you the best, I miss being in ag.



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farmerboybill

11-23-2004 05:34:13




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 Re: Well, it just may happen in reply to Paul Janke, 11-21-2004 05:57:19  
My father has a rather large problem. He's a control freak. I won't get into all the things that have happened over the years but just say that I won't ever be finacially tied with him. He has stated a desire to buy the farm and put me in the house but that would be unbearable. We get along fine now as we do not have financial ties. As an equal, ie. me owning this farm and trading labor and equipment with him, I think we can have a healthy relationship. As a subordinate, he would just treat me like he did me and his two wives and various girlfriends for the first 24 years.

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Sid

11-20-2004 16:01:51




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 Re: Well, it just may happen in reply to Farmerboybill, 11-20-2004 08:44:02  
I hope things work well for you. I do not live in your area so you know what"s there better than I do. You said "....I think I could possibly make a go of it-anyone else agree?" Yes I do.



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Indydirtfarmer

11-20-2004 12:43:44




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 Re: Well, it just may happen in reply to Farmerboybill, 11-20-2004 08:44:02  
Good luck with aquiring the farm! You sound farming is your lifes dream. I know what that's all about....

First off, get a GOOD off-farm job. That will provide your essentials. Food, clothing, shelter, insurance....ect.

I farm almost 1400 acres (corn-soybeans-wheat-hay. NO LIVESTOCK!) We do it with 3 of us. Me, my wife, and my 26 year old son. We all three have "day jobs". The farm has been fairly profitable the last few years. It hasn't ALWAYS been that way.

For someone with 120 acres, I'd look for a "niche market". Horse hay is a good one, but it's a sharp learning curve.

I would PLAN ON not turning a profit for a few years. It'll take a while to get yourself established. Borrow equipment, trade labor for use of equipment. Do anything to keep cost down untill you HAVE to have certain things.

Best of luck. Remember, there are a number of knowledgable folks on here that will be willing to lend a helping hand, or at the very least, lend moral support. GO FOR IT! The longer you wait, the tougher it is to get moving. John

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Allan in NE

11-20-2004 14:58:10




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 Re: Well, it just may happen in reply to Indydirtfarmer, 11-20-2004 12:43:44  
Hi John,

I guess this is the reason why you are one of my favorite guys here on this board. You always give good, solid and sound advice.

Wouldn't it be nice that everyone in this world could have the opportunity to live the farming life at least once? I think this would be a better world if this were so.

Can't tell ya how I'm pullin' for this young man.

I've got a neighbor that lives just over the ridge from me a ways, who went to school with my daughter. This young man is doing the cattle thing part time, drives a cement truck in the daytime and just absolutely works his guts out.

Even though he's a third my age, he is one of the tallest standing men I've ever met. And it is all because he was raised country!

Allan

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Indydirtfarmer

11-20-2004 15:05:45




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 Re: Well, it just may happen in reply to Allan in NE, 11-20-2004 14:58:10  
And I thought it was "cause I"m so dang cute! John



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John (C-IL)

11-20-2004 11:34:28




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 Re: Well, it just may happen in reply to Farmerboybill, 11-20-2004 08:44:02  
I just happen to be in your situation with 120 acres of tillable farm land. The wife and I both have good off farm jobs to support our grocery, clothing and recreation habits. The farm pays it's own way and provides us with a nice place to live and a lifestyle we enjoy. Unless you have very modest personal needs you will have to have an off farm job to make a living.



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Midwest redneck

11-20-2004 10:27:26




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 Re: Well, it just may happen in reply to Farmerboybill, 11-20-2004 08:44:02  
Would it be possible to lease out say 50 or more acres to another farmer to help with the finances. A dairy farmer 3 miles from me plants feed corn on 60 or so acres which is two lots over from me. I dont know what he pays to the landowner. Just a thought.



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Nebraska Cowman

11-20-2004 09:52:31




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 Re: Well, it just may happen in reply to Farmerboybill, 11-20-2004 08:44:02  
The horse hay market is a good nitch but you need high quality hay and good weather to get it up. You will need a small cow herd to eat the poor hay you can't sell. And an off farm job, unless your hours are real flexible is not going to let you be in the field when you need to be. My advice would be to keep your debt low, borrow or trade equipment, and stay diversified (don't put all your eggs in one basket) explore all options. A vacation farm for city people could be a very good sorce of income for a man with a wife if you have extra room in the farmhouse. veggtable crops would be another with your own stand or farmers market in town, sled rides or snowmobile trails in the winter with hot chocolate and snacks. Cater to the public and they will take care of you. The old days of farming just to farm are gone.

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