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| Farming is a low profit business even in good years. Hard to extract money from the business to live on. I learned a lesson during the 1980's, and that is to always have a sure money income. I found myself attempting to pay 16 or 18 percent interest on borrowed money, while the inflation rate was in the teens for years. Can't be done with good prices much alone in declining prices. My wife and I were dairy farming. Farms generate income, but not at the rate that provides an average living for most locations. In my situation and after several years of attempting to battle things I had little control over, admitted to myself that the farm was really a high priced hobby. I looked for and secured a job in a local school district and milked cows for another ten years. When my wife obtained a good job off the farm, the cows left, along with the useful dairy equipment. Today we are both retired and in our seventies, but we still own the land along with some older but well cared for haying equipment. We got into Angus cattle in the late 1990's and still have some. Good luck and look at yourself and be honest, bet you have talent that would make you a great employee for someone. You can do both. | |
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80's and alcohol
