Right now farm ground thats 100% paid for will do good to break even with 3.00 corn....How many acres is it....Do you have other farm or off farm income to help make the farm payment......How much money do you have for a down payment...How much is the land per acre and what are the yields on it....Are you already deeply in debt.....Theres lots we would need to know to give an honest opinion and I can sure understand if you dont want to tell us those things..
In 1979-1980 land in my area was selling for $800-1200 per acre....By 1986-87 it had fallen to $300-600 per acre....Lots of farmers got sold out in my area....Even the very best farmers couldnt afford to buy land then as they were barely hanging on...In 2003 a close neighbors nice 80 sold at auction for $1400 per acre...I quit at $1250...Today it would sell for $3,000 per acre.....It had been in the neighbors family since the 1930's..
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Today's Featured Article - The Niagra View Mobile - Powered by a 1959 Ford Tractor - by Mark Massey. In 1959 the Niagara Frontier Transit Inc. of Buffalo, New York designed and built six Viewmobiles for the Niagara Frontier Sightseeing Inc. for use as a sightseeing ride at the Niagara Falls State Park, Niagara Falls, New York, powered by a 1959 Ford 611 Tractor.
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