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| I don't know what your yields are like but at $300 per acre cash rent I don't think the income will be worth while to cash rent form 500 acres. You do have a big advantage you could possibly get a first time farmer loan from FSA and try to buy out one of your current landlords and get a decent price on it. Sounds like you might inherit equipment from grandpa and that will help you on that side of the expense just need a solid land base. If you get to buy a piece of land and have the trucking company you don't have to worry about losing the others as much because you have something to build from in the future. Farming is gonna be a side business investment for you. Does grandpa own anything? Does he keep his equipment on a rented farm? If the equipment is paid for just don't go in debt on new equipment and keep on farming as long is the cash rent land is profitable and worry about that the future when you lose it. If none of the current rented land is for sale maybe something will come by later on. | |
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How is a young farmer going to make it?
