East Central Ia | GrainTrader - 9/12/2015 05:00
I had other outside factors play into my last land purchase (in fall of 2013). This farm was logistically appealing as well as had a long term favorable situation for me to rent more land with it as well as purchase more land with 1st option to buy.
That is a favorable situation.
The ones that are hard to swallow are the ones that change from long term rent to owned! That's a huge change to cash flow. It's always nice to buy something new so that it adds to total acres or buy and also add some rented ground to help subsidize the new purchase.
In my opinion buying something you are already farming is the most difficult situation to cash flow.
But here ground doesn't pay for itself... I did buy a 160 before the market jumped which at the time seemed like to much money! Now I wish it was more, ground that is lol!
Edited by bleedred 9/12/2015 08:38
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When can land "pay for itself"?
