Smartest thing you said was contracting the harvesting, and for no more than you are talk'n I'd contract the spray'n too (Local Southern States and CPS will custom spray for little more than what the chemicals cost and a wore out sprayer will cost alot more than what it cost). What part of TN are you in? Is tobacco an option? As for the grain drill, if you are set on row crop'n from what I have seen here in KY you'd be better off start'n with a 7000 six row planter and find you some kinze bean meters to put in it. You can cover 50 acres pretty fast split'n your rows to make 15s and you can totally rebuild one out of the Shoup catalog.
What ever you do start small and don't borrow much money.
Hate to beat a dead horse but farm'n is hard and ain't ever gonna get any easier. If you have the chance to go to school do it, it will never be any easier. I farm more than what you are talking about and I have a great night job that pays the bills. I would not have as good a night job or be able to make as good of dicisoins with out a four year degree.
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