Re: OT young guy's rant

Posted by barnrat on January 01, 2006 at 08:06:16 from (12.39.90.97):

In Reply to: OT young guy's rant posted by Rich Iowa on December 31, 2005 at 13:30:48:

I started farming full time 5 years ago when I was 24 with a young herd of jerseys that I bought on the cheap as calves years before, while I saved every penny busting my butt fixin tractors at a local dealership and working for my dad to pay him for raising my heifers. 2 years before I started farming I found the perfect farm to rent, but had to hagle with FSA to get a loan to buy machinery and to equip and make the place profitable. Get a wife and put her name at the top of the gov't loan paperwork, you'll have no trouble getting approved. Now I milk about 50-70 head and put up all my own feed on 160 acres. I turn a small profit every year and am on track to buy the farm in 2007 for about 300k. I do hope land prices continue to rise after I purchase the farm as it will make a nice retirement package. Some advice would be if your gonna have livestock graze them it makes an incredible difference in your bottom line. Also don't get too excited about machinery. I started with all 2 cylinder JD tractors that have mostly gotten me by untill I was able to replace some of them. Don't be afraid of calling a custom operator to do some or all of your field work. Consultants(vet, crop, nutritionist, extension agent) and neighbors are valuable resources keep them handy and working for you.

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