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Justify a Grain Leg
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Dick Longwood
Posted 2/2/2024 08:08 (#10604746 - in reply to #10604526)
Subject: RE: Justify a Grain Leg


Northern Indiana
barren - 2/2/2024 03:29

My main concern would be putting that much money into a nonliquid asset.  If times get tough you are stuck with it with little alternative as far as selling it to generate some money.  Also, consider the interest cost in addition to the original cost as well as how the payments will affect cashflow. 
Another consideration is the future of your operation.  Do you own all the land you are farming?  Will you need to expand in the future to keep your operation generating enough profit to live off of?  How hard is it to rent land in your area to allow expansion?



Project will be done in cash. Own half the ground we run, half of that's paid off, and pretty secure in what we rent. Might as well be impossible to expand rented acres or buy at auction unless you want to farm it for free if even given the opportunity but we may have a few ins to rent through family friends in the next several years. Farm will function just fine without the leg, could also function fine without any big equipment upgrades for the next decade.
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