I did not grow up on a farm. But my kids have. Here are some of the things I have learned over the years: farms in suburban areas get sold for development. It is very lucrative and you could farm an acre for 100 years and NEVER make the money as a building lot. If you want to make REAL money with a farm, sell it. New equipment has always been expensive. Buy good used and fix it yourself If you borrow to buy anything, you are splitting your income with a banker. Don’t. Raising food for people is break even most of the time because Uncle Sam needs food prices to stay reasonably affordable. Find a niche market. Grow quality and charge for it. Farming can either pay for the land or pay for the equipment. It can’t pay for both. You need a full time job or an inheritance. Livestock mortality and bad weather will cost you about 15% of your income over the years. Getting seriously injured doing farm work wipes out all gains. Above all, be safe doing that dangerous stuff.
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Today's Featured Article - Search For Spares - by Anthony West (UK). Following on from the aquisition of the old Fordson F, I was very much in need of spares. As a novice though I didn't appreciate the fact that there were so many Fordson tractors made, that all the other makes seem rare by comparison. As far as I was aware a fordson was a fordson and it was only through trial an
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