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Martinsville, Ohio | My reason was I had none. Very little in fact and one needs land to farm. Land has always been difficult to rent here so owning is about the only way to get in. Now making it pay as you said, is a whole different ballgame.
Wanting is one thing, necessity another but it must cash flow. You must figure out a way to cash flow it to finance it since most of us can't buy it outright.
The best thing we have going for us is high grain prices, fairly stable inputs this year and the lowest interest rates I've seen in my lifetime. That also is true for all of my competition so someway I must figure out an edge on them and make it work.
Another motivation is I trust my ability to produce income from land more than I do the bank, stocks, machinery or any other investment out there.
Producing a profit is what Ag Talk is all about to me, with some good friends on here, too.
Ed | |
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What is your motivation to buying land
