Can you buy it from your bank account? You can probably make things work.
Need to borrow over 40% of it???? It will never pay for itself.
Good farmland goes for that, 180bu corn land. So if it were all good farm land, you could rent it out & make payments - for now. Someday inm a couple years crop prices will sink again & then you will be losing money.
With only 1/2 of it good farm land.......
Can't pay for itself, no way.
If I talked you out of it, good, you weren't meant for it. If you ignore me & find a way to make it work - good for you.
But - it won't pay for itelf, not ever. You are buying high, will be selling low in a few years....
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Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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