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 - Trailering Your Tractor - by Curtis Von Fange. One of the fun things of summer and fall are the parades and tractor shows that go on across America. Many owners of tractors travel long distances to attend these shows and they usually take their restored iron along with them. Safe trailering practices and inspections will ensure that the event is a fun one. A good habit to develop when using a trailer is to give that �quick look over� before taking it on a trip. Before hooking up to it check the tongue for proper operation. The latche
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