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| If we're talking about farmers who aren't part of a multi-generational farm operation, or someone who is independently wealthy, the only way to compete in this arena is to be a slave and work yourself to death in an industry that makes more money/hour first. Ground is 12-16k here. Let's use an example of 100 acres, 14k/acre. That will cost you 1.4 million. Even if you aren't required to, you should at least put 20% down, so you need 280k sitting around until the parcel you want becomes available, increasing the age at which you purchase it. Then, you still have to pay the remaining 80%, with interest. At the end of it all, you bought ground for 14k where the cash rent is 250/acre, so even without interest, it would take 56 years to equalize. Actually, you have to pay property taxes, so it's even greater. And it's only 100 acres. I'll just raise my niche hogs, rent the little crop ground I have, and let other people play big farmer. From what I have heard other farmers say to landowners to keep other people from farming it, I realize the crop market has a fair amount of sociopathic vultures with family money to burn, let them keep it. | |
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159.3 acres sold today
