mikeswoh - 3/17/2019 20:05

While NH is putting on a lot of fertilizer his soil probly isn't blessed with a natural fertility that yours or mine is, actually I've never been in Pennsylvania and thought I would like to move here to farm no offense NH. I can understand wanting to pay too much for the place next door but at my age I have seen enough bad crops and problems to realize there's other ways to make money besides farming. Coup you're justifying paying too much for farmland because you can afford it and telling yourself you're saving 50 to a $100 per year over your career but aint that the same as saying what if you sold your grain for a quarter more or bought your fertilizer are $25 per ton less. The 100 acre 2 million dollar farm paid in cash will over 20 years at a 1% return become 2.4 million while that same 2 million dollars invested at a 10% annual return over 20 years will become just under 8.8 million. Is this mentality what keeps farmers millionaires instead of billionaires? Have we discovered the glass ceiling? Shiny paint and $20k/ ac land?