Posted by John T on October 31, 2007 at 20:49:41 from (66.244.83.147):
In Reply to: buying farmland.... posted by need your advice on October 31, 2007 at 19:46:32:
Id say if you cant afford to buy it if it doesnt yield a certain x amount of positive cash flow, better not HOWEVER dont let that stop you, if it had me Id never of owned any of the several farms Ive had over the years lol which did pay off handsomely when I re sold them (despite negative cash flow during my ownership). I guess what Im saying if you need some sort of guaranteed income from it and would go belly up without it, better be careful... but a family farm cant be measured in dollars alone, ITS YOUR CALL
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Today's Featured Article - New Hitches For Your Old Tractor - by Chris Pratt. For this article, we are going to make the irrational and unlikely assumption that you purchased an older tractor that is in tip top shape and needs no immediate repairs other than an oil change and a good bath. To the newcomer planning to restore the machine, this means you have everything you need for the moment (something to sit in the shop and just look at for awhile while you read the books). To the newcomer that wants to get out and use the machine for field work, you may have already hit a major roadblock. That is the dreaded "proprietary hitch". With the exception of the
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