Posted by JoshuaGA on January 07, 2008 at 19:11:19 from (74.244.197.228):
In Reply to: farm land price posted by macco on January 06, 2008 at 16:30:51:
Ain't gonna make it cropping it, neither are you have money hiring work done. Only way to make money is to sell a product over which you have the ability to control the price. For instance, let say your land has a few hills, so there is erosion problems. Now, if it made money in crops, you would crop it, but for what you have invested in land, the wiser decision migh be to buy a few calves from local farmers, fence that land, raise grass fed beef, have it processed, find your market, and sell direct to your niche market. Or, if times on your side, just sit on your hands and either wait for a better deal, or wait for the market to correct itself. Something will give, it will hurt, and farmers will be selling land and assets to their losses. Probably won't see $500 land, but you will see cheap land. The post is right, were in almost the same set of circumstances as we were in the 70's. I do believe a recession will be here by 2012, and probably sooner than that. And lastly, if you insist on buying land, let me give you the advice our banker gave us. "Don't farm harder, farm smarter" Have a good day.
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