Re: Workable Acres Claimed vs. Actual

Posted by JD Seller on December 14, 2015 at 20:38:17 from (208.126.198.123):

In Reply to: Workable Acres Claimed vs. Actual posted by newfarmer9 on December 14, 2015 at 15:15:20:

newfarmer9: Are you wanting to be a farmer as business or a hobby???? It makes a difference. If it is going to be a money making business then you have answered your own question. You have measured the acres to the best of your abilities by walking the boundaries with the GPS unit. I am willing to bet that your 115 acres is closer to what is there than his Father's number. I found that most older farmers "grew" their land. They often went by what was on the deed. Thus not taking in to account that if there is any roads the deeds read to the middle of or creeks an old fence rows that take more ground than they "guess" it does. The same goes with yields they grow too around the coffee shop. LOL

So you have what you think is the acres and you figured out what he was asking per acre. I would not have even went that far. I would have taken the 115 acres and offered what I felt I could give and still make reasonable profit with today's market prices. That would be the offer. If you want to haggle some then fine but not 18% more than your true cost/profit price.

That is what I do since farming is a business to me not a hobby. If you want to farm as a hobby then pay whatever you want and know your going to lose money every single year you farm that land unless prices skyrocket again or you have record yields. Does it matter if land is tough to rent??? NO!!! Renting land for more than you can make a profit on is foolish. THERE have been a lot of FOOLS out there the last few years. These lower prices will soon sort them out. They will only be able to lose money for so long and then they will be broke. There will be land changing hands in the next several years. So just be ready with a good business plan and then step into a farm/rental that is good for you.

We did not pay any of the $500 per acre rents here. We also did not mine the fertility out of any of the ground we rent either. So we will be around to farm another day. Farming is along term business. It takes TIME to build it up to a working enterprise. So unless you are born into a large farm or marry into one there is only a few tried and true ways to grow. 1) Do a good job on what you do have. 2) Treat yourself and your landlords fairly. If your do this you will grow and gain ground. Acres is just a number. I always want to make the profit be worth the trouble/risk/labor it takes. IF it is not then I can and will do something else.

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