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Re: OT...Teens on the farm...??


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Posted by oldtanker on December 07, 2011 at 06:30:49 from (66.228.255.223):

In Reply to: OT...Teens on the farm...?? posted by snoop-nc on December 06, 2011 at 19:34:52:

A nephew who grew up on a farm wanted to farm and 12 years ago. He stayed on the farm with my BIL until he got married but that farm could not support 2 famlies and his dad refused to borrow the money to expand. He went to the bank and was told they would lend him the money to dairy farm but he would have to have at least 80 milking cows, new equipment and at least one hired hand. He crunched the numbers and didn't see how he could make it work. At the time he had completed a farm ag mechanic course at a trade school and could have gotten by with used equipment but the bank would not even talk about that. Now with all the new banking rules the bank wouldn't even talk to him.

Local gal is selling her land, 30 acres with a trailer house on it. 15 tillable....asking price is 250,000 dollars. Now how is some kid supposed to start with land prices like that?

Rick


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