Do the Math, do not allow emotions to push you into a deal that you can not afford. If you are lucky and the Neighbor is wanting to see the farm continue to be farmed and sell it at a reasonable price, buy it. If they choose to get greedy and get every penny they can, let it go. Not worth going bankrupt and loosing everything. I am on the side of farm land prices are at or very near the top at this point. I see them dropping substantially in the next couple years due to interest rate increases and continued crop prices in the cellar. I have seen several cycles since buying the farm in 1989. I could make a huge profit if I sold now. We got lucky bought when land was cheap, and interest rates were high, it was tough, but was well worth it. Re financed when rates dropped. I am sure I will see the value drop again, but likely never to what we paid for it. Just make sure whatever you do is sensible.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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