Are you ready to get 2-3% percent return on your investment???? Then you will need $500,000 to start with and that will not buy you much land. Maybe a home base. The valves of everything have gotten crazy. I would not recommend trying to start farming to raise a family on WITHOUT a good off farm job.
That being said. We don"t know what type of weather you like. My self I can"t stand the heat and cold does not bother me. So Iowa, MN, or WI are fine for me but many would not like the cold winters. You would need to figure out what you like to do first. Just saying farming is too broad a statement.
Row crop grain production is NOT a good place to start, capital costs are very high. A dairy like one stated is not a good way either now. They have only made money a few months in the last several years. IF you want to start and like livestock than you could leverage your labor up doing that. Start out raising bottle calves and selling them as feeder calves works if you are around dairies to get calves. Hogs are out as they are a high volume low profit per animal. Chickens can work if integrated with a produce around a major urban area. Problems there is that there already people doing it.
The real truth is that unless you are born on a farm and have help to get started then you are more than likely just going to be able to be a weekend warrior. I have had to work one or two side jobs to make my farm work. My sons can"t make a living by farming. So they work evening and weekend to feed thier farming bug.
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