My grandad always said "never let your want to's out weigh your can do's" If you buy the farm are you planning on selling your current home? If so what kind of equity do you have in it?
I understand your dilemma, My cousin owns the other half of my grandad's place and has it for sale. I own the other half but going in debt for 300 acres isn't a good idea at my age, I'm just a couple of years younger than you.
Personally if I could sell my current home and buy the home place with more elbow room I would probably try if the debt was easily managed. But my standard of living is pretty simple.
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Today's Featured Article - The Revival of a John Deere Combine - by The Red, John Fritz. For several years I had been driving by a farm house on the west side of Indianapolis that had a John Deere combine parked in high weeds in a lot behind the house. The gentleman no longer farmed because the entire area was developed with housing and light industry. I had stopped several times and knocked on the door but no one would answer. My curiosity was up and I wanted to contact the owner. I wanted to see what he planned to do with the combine.
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