Posted by TomH in PA on February 03, 2008 at 18:25:45 from (67.142.130.13):
In Reply to: appreciate a listening ear posted by old fashioned farmer on February 03, 2008 at 17:43:48:
Sounds like you're in a tough spot. Keep in mind that 2/3 of the farm belongs to your uncles. Do you have any brothers or sisters? They have an interest in what happens to the farm too. What I'm saying is that the $6000/acre farm down the road isn't all that much more than what you would have to pay for your grandfather's farm. You might get it at little or no rent for a few years, but those deals have a way of coming apart at the worse time. I'd say your best chance is to find the highest paying job you can, save as much as you can, and hope the place is still available when you have enough saved to swing the deal on your own. Land prices could well come down in the next few years, and if they go up much more the family will want to cash out when you can't afford to buy anyway.
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