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Sale: $10,900/$8,100 Rent: $333
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Kooiker
Posted 1/24/2016 13:20 (#5060243 - in reply to #5060033)
Subject: RE: kinda gives a new meaning to capital intensive



johnny skeptical - 1/24/2016 11:55   Although there are probably some row crop operations that have that covered.



$3 million over 5000 acres is only $600/acre.


No doubt that $600/acre for equipment is a lot of $'s but I'll guarantee that there are a lot of guys with that much or more stuck in iron.   Some have much much more stuck in iron.


Look at the guys that trade for new paint every year/two while farming 1000-2000 acres, now do the math.    

It doesn't take many pieces of new paint to spend a million anymore.








 

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