Posted 1/12/2019 08:17 (#7239271 - in reply to #7239247) Subject: RE: I guess I need to talk to landlords
unlgrad - 1/12/2019 07:58
It makes me wonder if I am insane to purchase a farm next to me for $6,000 for 180 bu and 50 bu aph yields from farm. I really would take advice. My deepest worries is that the bank that would not loan me money for $1500 acre ground 20 years ago that was cash flowable on its own, is hot to loan me money for $6,000 that won't cash flow on its own.
Whats your typical basis like there, and what will be the property taxes? I’d be happy to give my two cent opinion, you’re on the threshold of making it work and not. Basis and taxes are gonna be a big part of whether it makes sense or not.