I have been on all sides of the land deal over my years as a farmer, renter and land owner and it has never( OK seldom) been an easy or simple equation to owning land in my experience. People with the $$ or equity always have and always will have an advantage over those who are starting up and borrowing 100%. I didnt own one acre when I was actively farming, it never penciled out for me. But long after I quit to work full time in town I bought a farm at a time when farming was bad and interest was high. I had 1/2 of the money sitting in the bank to put down. Renting the tillable land made the payments and taxes and put a few bucks in my pocket each year. Now 25 years later it has proven out to be the smartest financial move I ever made due to 1000% increase in value but it would have seldom cash flowed from farming or renting it IF I had financed 100% of the purchase except for the the big profit times of a couple years ago. 120 ares adjacent to me was for sale over the winter and I told my youngest son that if I had his youth, his money and my knowledge that I would buy it in a heart beat. He hesitated,,,, it sold.
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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