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Re: Land prices (when is the crash coming.)


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Posted by Jon Kaiser on January 16, 2008 at 08:30:10 from (67.142.130.14):

In Reply to: Land prices (when is the crash coming.) posted by Jon Kaiser on January 15, 2008 at 11:52:44:

Thank you to all that replied. My FSA loan officer said that $2500 acre for bare land (borrowed) is about the most he has seen that will cash flow even with beginning farmer low interest programs.I don't have the $1000-$1500 to put down per acre and I can see that I am not going to get it milking 45 cows. Land is $3000-$4000 acre here in south east Minnesota for bare land and the building site is worth say $200,000-$300,000 I would guess.I don't have much debt, cows are paid for and not much for equipment. I can't borrow to build more dairy buildings on a rented farm. So I think until land comes down I am stuck. I do agree with those that spoke of the 70's and 80's I was just in grade school but seeing my friends families lose their farms left a life long impression.My grandpa sold the tillable land of his farm to his life long friend and neighbor in the late 70's on a contract for deed.In 1985 they got it back. His farm auction was the first one I can remember going to. His IH 1066 sold for $5,500.
I left this part out but we are organic with the land and the cows and shipping organic milk.The cows were organic before we moved and the farm I moved to was already organic with half the land in old hay field. I seeded the rest down to pasture/hay but next year we are going to plant some gain on the old sod. I am buying all my grain and it is a very big bite out of the milk check. I didn't want to start an organic can't be done war I know that it can and you will not convince me other wise.I know people that grow well over 120 bu acre corn and their fields are not a total mess. My cattle have not had any antibiotics for 5 years and they didn't all die nor all get mastitis. My cell count has been less than 300,000 since I moved here. It is just that I feel a little shut out even though I have stuck to my guns all these years. My granpa resold the farm before I was old enough to be taken seriously. He is gone now but I wish he could see that I got this far. Again thank you for all the replies.

Jon Kaiser


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