Brandon I think by now you realize your numbers are off quite a bit. Actually they are unrealistic. I would hope you wouldn't jump in thinking you will get that.
A few others have suggested you get some schooling. I am gonna join in that fray. I personally went to Iowa State and really didn't have any option. At the time I wanted to take a 2 year course in farm mechanics but the parents told me I was gonna go to a 4 year program of my choice in a University setting. At the time I wasn't real crazy about it but looking back it was the best thing for me. I found a Major that was close enough for my interests to suit my skills as a student. Best thing I did. Learned a lot of things that I use to this day.
Eeking out a living on the farm isn't just a matter of willingness to work hard with your muscles. You need to have pretty good gray matter between the ears also. Yep you need to be able to work on equipment. But also need to be able to market your crops, know what you are doing with a sprayer (you will most likely need a license for this depending on what chemicals you are using), etc, etc. Oh yeah you need a good financial head on your shoulders also. You have enthusiasm and that is good, but you need to keep working on your numbers coz they are off quite a bit.
I will give you my example. I farm with pretty modest equipment (newest tractor is nearly 25 years old and it isn't green) Run about 500 acres and with that old equipment the rolling iron alone is worth $50,000. If I bought all new you would be talking close to a cool million to set up the way I am.
If you really want this, you can make it happen just don't jump in over your head. And get some more education while it is easy to do so.
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