I like to see a young person wanting to farm. The problem I see is that you have no direct knowledge of what "real" farming is. You said that your family is in the construction business. You are used to a business that has a much higher profit margin than farming. !!!A plan to get to be a farmer!!! 1) Find a local farmer and work for him to gain knowledge. This way you are earning money and knowledge. Let him pay you not to make some big mistakes later for yourself. Do this part time while you still do the job you do. There is a lot more to farming than just planting "free" ground. 2) Don't be in such a hurry to blow off college. Some classes in business management would be of good use in a future farming operation. 3) You need to find a niche to get started in farming. Row crop grain farming is one of the hardest and most expensive ones to make a profit in. Also unless you are in Western Tenn. Grain farming would be a hard choice. 4) You have much more labor than money right now. That is how most farmers start. So you need to look at types of farming that allow you to use your strengths to get going. I am willing to bet that you can clear much more on that fifty acres on hay than grain. Plus you already have some of the equipment needed. !!!! Some cold hard facts!!!! Average clear profit per acre of crops in Tenn. Corn $65 Soybeans $48 grass hay $75 alfalfa $92 These numbers are from the national banking data base. I had my local banker look them up for me. These are the numbers that they will use when looking at lending money.
You are to be admired for wanting to try farming. BUT You need to be realistic about it. There are professional people doing it that still take much larger acreages, than you have, to make a living. Many of the guys on this site are farming part time because the hard facts of life mean that they can't make a living by farming alone.
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Today's Featured Article - Seeing an Old Friend - by Joe Evans. Dad had a concrete contracting business starting in 1960. One of his first pieces of equipment was a Ferguson TO-35 with a Davis loader. Dad replaced the TO-35 with a MF 202 Workbull, essentially an industrialized Ferguson 35 I am told. Dad bought the 202 new in 1962, and I recall quite clearly going to the dealer with him to sign for it.
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