Posted by Mathias NY on October 11, 2007 at 07:06:48 from (12.4.26.248):
In Reply to: throwing in the towel posted by Rich Iowa on October 10, 2007 at 21:17:24:
I don't remember the statistic, but something like 80% if all business fail within the first year. Farming or not, starting and maintaining a business if hard work.
Most new farmers I know, including myself, still have a day job that covers expenses while the farm is developing.
For about 5 years I stock piled tractors and equipment at my parents home until I could afford my own place to use them on. I don't know all the details of your situation, but I would try to hang onto the equipment you already have, as long as you have a place to put it.
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