I have been on all sides of the land deal over my years as a farmer, renter and land owner and it has never( OK seldom) been an easy or simple equation to owning land in my experience. People with the $$ or equity always have and always will have an advantage over those who are starting up and borrowing 100%. I didnt own one acre when I was actively farming, it never penciled out for me. But long after I quit to work full time in town I bought a farm at a time when farming was bad and interest was high. I had 1/2 of the money sitting in the bank to put down. Renting the tillable land made the payments and taxes and put a few bucks in my pocket each year. Now 25 years later it has proven out to be the smartest financial move I ever made due to 1000% increase in value but it would have seldom cash flowed from farming or renting it IF I had financed 100% of the purchase except for the the big profit times of a couple years ago. 120 ares adjacent to me was for sale over the winter and I told my youngest son that if I had his youth, his money and my knowledge that I would buy it in a heart beat. He hesitated,,,, it sold.
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Today's Featured Article - Show Coverage: The Old Gold National Antique Tractor Show - by Cindy Ladage. Over the fourth of July weekend, the Illinois State Fairgrounds in Springfield, Illinois, was the site of the Old Gold National Antique Tractor Show. Tractors of all makes and models were displayed and separted into categories by their age. Deere, Oliver and even a Wards and Keck Gonerman were part of the crowd. A sea of red International Harvester's seemed to be the the model with the biggest showing. The crowd was decent for the scorching July heat. The opening day started o
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