I have never seen anyone loose money buying land, unless it was determined a wetland after ownership or captured by eniment domain for a public project. Good tillable land and even harvestable wood land will add to your net worth. Sounds as if you have a good relationship with your neighbor and your dad will be there to guide you. As said do some serious math and planning and have a well thoughtout plan to present to the banker. Low comodity prices are a land buyers friend, and it seams from your previous posts that you have been frugil in buying the equipment that you need to work additional land without a major outlay there just to get a crop in the ground and then harvest it, saying nothing of chemical control of the soil and crop. Was the land kept up or was it neglected for the past years. Soil condition could be the straw that broke the camels back if you need to restore the soils makeup to grow a profitable crop. Get in touch with a soil specialist and be sure what you are dealing with there, to develope your financial plan. Loren, the Acg.
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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