Posted by elmersooner on November 15, 2011 at 08:59:08 from (64.250.201.201):
In Reply to: OT. FUTURE OF FARMING posted by NE.IL on November 15, 2011 at 02:56:57:
I started by buying small tracts where I could and when I could afford it, lucked out in my first few years with really good stands of alfalfa selling seed at the right time paid for every piece of land I bought, rented pastures and decent cattle prices allowed me to triple my herd. reinvested every penny back into the farming operation and kept track of every dime. worked on a drilling rig when I wasn"t on the farm, got tired of being laid off in the oilfield and went to school. bought a 1070 case at an estate auction and had to work on that wore out piece of junk almost on a daily basis, but it was paid for. feed truck was a state auction reject-junky old dodge. some of my smaller tracts I moved old houses bought from the hospital when they expanded, set up 10 acre tracts with house and fence and sold for a profit. never taking a dime and reinvesting. fast forward ten years--roughly 600 acres tillable land and 400 acres pasture. managed well I luckily didn"t lose my shirt from the drought. I sell hunts, hire a few fellows to help when I need them. borrow equipment from my neighbors and loan mine when they need it. and I still have a full time job. it can be done-but most don"t have the grit or drive to do it the right way.
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