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10 things to know before buying farm ground
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GregWCIL
Posted 2/22/2015 00:56 (#4404269 - in reply to #4403768)
Subject: RE: 10 things to know before buying farm ground


West Central Illinois

Steve - 2/21/2015 19:13 "It'll always be too expensive . . . it'll never cash flow and other sources of income will be necessary to get it ~ Be in a position to buy it." Is there any other business (successful one) that operates this way? Just asking

Cash flow is not the only indicator of a good investment. The best investments I've made during my career has been farmland purchases. It gives a stable base while you are farming, low-taxed gains and a great retirement income source. Look around your community and in most cases the most prosperous operations are those who have bought land -- at least in my generation. Maybe the young guys playing the high cash rent game have a new formula. We'll see.

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