Re: appreciate a listening ear

Posted by Dave from MN on February 04, 2008 at 05:40:44 from (96.24.89.145):

In Reply to: appreciate a listening ear posted by old fashioned farmer on February 03, 2008 at 17:43:48:

Frustrating isnt it. All I can say is keep saving, saving and saving. Every dollar is one less you will have to borror and pay back. Remember that EVERY time you pull into a Mc Donalds, or a convenience store for a $1.05 pop. If you havent have a sit down down, heart to heart talk with your parent, and rememeber a parent always sees there little boy, no matter how old you are, and MOST parents will always feel they know what is best for you, even when you are older and well on your way in life, and thats OK. You need to show them your business plan, you need to get through to your mom about the love in your heart for the farm. If they still do not budge, then you are best to drop it before there are any bridges burned. They may change their mind when they see you going forward with a purchase of another property. I see alot of people replying to not get into it "at this time", well, I had been hearing that for 20 years. I do not think land is gonna drop that much. Even if the economy is poor, there is still many out there that have money and will continue to buy up the land, cause over time it is the best investment you can make. The biggest thing to avoid is over borrowing. Buy what you can afford, and do what makes the most $ and personal satisfaction. The Lord is not making any more land, the population is exploding, all that food has to come from some one, some where. Like oil, agriculture will one day be the next "high demand" need for every one. Why should only a few prosper when it gets to that point. My biggest pet peave is when the inquiring farm renters say" Let me farm your ground, you cant make no money off this land", well, why the heck would they want to rent it then. Go about it financially savy, explore all first time farmer programs, run an add in a bunch of rura;, or county papers and run a "farm wanted to takeover" ad. There are people out there that DO NOT want there farm developed, and have no kids that want the farm, you just may well get a call that will make some one elses dreams come true as well. Dont give up the side job if you can as you get into farming, even if it is extra $$ save it, or apply it to you debt, Also make sure you have a health insurance plan.

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