I think as a starting point you should ask yourself if you can make the payments based on what local cash rent is paying based on current interest. THEN ask yourself if you can make the payments on HALF the cash rent with DOUBLE the interest rate. I've got a feeling that we're going to be heading there; mabey in the not so distant future. If you can't handle that you'd be best to leave it for someone else. If you can handle that, mabey then you go ahead. After you've gotten settled in then you can start looking at growing more hay, etc or whatever you're interested in. I would tend to think that throwing another 200 acres worth of hay onto the local market might not be such a wise idea all at once. It takes time to build up a list of good reliable customers. Something that's more easily done over a period of time. Also gives you time to grow into the problems you ~will~ encounter. Laying down 50 grand or 250 grand on crop inputs without a whole lot of experience will break you VERY quickly if there's some small screwup.
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Today's Featured Article - Show Coverage: Argyle and Mt. Pleasant Labor Day Weekend Shows - by Cindy Ladage. The last fling before summer fades into fall and we get busy in the fields are the annual Labor Day tractor shows. Beginning on September 5th and running through the 7th, the Argyle Antique Gas and Engine Show is held at the Argyle State Park. Located in West Central Illinois, the pine forest was the setting for the opening of the 22nd show. This year we decided to try to sell a few tractor parts, literature and wrenches to offset my husband's buying sprees. Saturday
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