I don't do hay but know several people who either barely break even or lose year after year, even when the land is free and equipment is already owned. Keep in mind you are probably still paying for the land and have not bought hay equipment yet. Another thing is the first couple years are going to be bad before you get good hay unless the acreage is already a maintained hay field.
Maybe consider leasing out, could make a few bucks on the hay and keep things kept up, that is if its just going to sit there. Obviously some people make money doing this, just don't believe it would be cost effective on a small acreage like that.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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