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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