Posted by kyplowboy on January 06, 2008 at 17:41:44 from (63.146.226.90):
In Reply to: farm land price posted by macco on January 06, 2008 at 16:30:51:
I am going to say no. With the prices around here, you could not borrow the money at 6%, make payments, pay inputs, and clear a profit. The 56 acre farm I just got I have a FSA loan, and I am going to have to have 3 acres of tobacco to break even at current prices, five year average yield, and input cost. If you have the money up front I think it would be a good investment. As Gary said, you can get a 6% return and you will have the farm and as they say they ain't make'n any more.
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Today's Featured Article - The Rescue of a Fordson F - by Anthony West. Introduction I live in the UK and have for many years restored Fordson tractors (in the main model N's). I have also restored and shown model F's, E 27N's, Field Marshall Series 2, David Brown Cropmasters and the old rey Fergeson T 20. At one time I had seven restored examples which were shown and used in ploughing matches. As most restorers, I have a number of war stories I can relate on a range of topics that may help other like minded and interested people. Perhaps my first p
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