Re: How can you get into farming with these kind of land val

Posted by carvel minne farmer on April 14, 2018 at 09:34:54 from (207.228.78.239):

In Reply to: How can you get into farming with these kind of land values? posted by BrianV_ on April 13, 2018 at 18:55:18:

BrianV I have been reading and following this post with interest, the members advice and your responses, I think you are right on the money with your long term plans and goals. you have several advantages in your favour here brian, the biggest of which is time, you are already working for yourself (which speaks volumes for your work ethic and business sense) both of which your going to use in getting your farming operation up and running. as you know in running any business having a good relationship with your customers is key. use that same skill set to establish a good relationship with whom ever you rent from, go that extra mile in making improvements or repairs that need to be done. (don't think for a minute the landowner won't see this, and it could well work in your favor in buying that land!) TIME you have the time to look for that pasture land, to look for the right set up for your operation, as both AJL and BLUE-TRACTOR-MAN said land prices are going to fluctuate up and down. look for that farm or land that is way over extended, the banks are foreclosing on, the guy that went in way over his head, the BTO that did the same betting huge on one commodity and crashed, his operation being broken up and sold off, slide in there and buy that one 30 or 40 acre field from the creditors that fits your plan. the moves and the plan you have in place are setting you up to do this brian, buying and fixing up older equipment, (no payments!) setting up your road side store to sell fresh eggs, beef, and produce (don't forget to go organic :lol: ) BE AN OPPORTUNITY BUYER build up a nest egg (tax free savings account) squirrel away cash to have on hand so that when your at an auction, see something on kijiji, hear about something at your roadside store going for a steal swoop in there and grab it up. I have run my own business now for 25 years brian repairing and building welders it is my bread and butter, it's allowed me to buy this 4 acre piece i'm on now and slowly start my little haying operation, I love working on older iron, I picked up 2 Minneapolis Moline m5 tractors and a 24t j.d. baler (barter deal) my friend borrowed my yanmar excavator for 2 sewer jobs for the summer, in trade for the equipment. (his wife wanted the stuff gone to clean up the yard) opportunity again brian, when you see it move! my neighbor and friend a mile west has gone into local politics and he has 4.5 acres at his home place and can't be bothered with haying it any more, we have been talking and setting up to hay it for him with a percentage split, opportunity and my ear to the ground. all this long rambling brian leads to my point that you WILL make it you will get there, it just takes time and opportunity! my moneys betting on you brian, just go get it.

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