Buying $8000 an acre land or paying $200-250 and acre rent, putting in a crop with $400 an acre seed, fertilizer, weed control. Add in fuel and machinery.
It�s not really very hard to see 2-10 million dollars invested on the small to medium sized farms. Having 1-3 million of that on loan isn�t really that unusual from a business perspective.
I am a much more conservative curmudgeon and adverse to having much loaned, but then I miss a lot of opportunity along the way as well. So my way isn�t for everyone, and doesn�t grow agriculture either.
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Today's Featured Article - Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather�s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
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