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Panhandle of Ne. | It sounds like to me you have thought this through and have yourself in a position to buy this property. Especially since you will not have to incur any more debt to purchase machinery just to have enough to farm this new ground. Interest rates will most likely not go much lower but could and will eventually go higher and I can't see good farm ground going in the tank. Farm ground has and will continue to fluctuate in price, but good farm ground is always a good investment. I would definitely lock a rate in when you purchase this. You didn't say if there is income to be made off of the timber ground. That would help, but not a necessity IMO since you will have a substantial down payment. I would definitely go for it!! | |
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Time to buy some farmland?
