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cast rent auction-45 min north of us
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davpal
Posted 10/25/2007 00:21 (#226172 - in reply to #225880)
Subject: RE: cast rent auction-45 min north of us


Mid Michigan
Perhaps I was misleading on my post but I think most of the people on here got it. I guess I could have broken it down a little better. What I was trying to say was why should you farm 1000 acres of ground when you only would MAYBE have a chance of having $60,000- $100,000 dollars to live on barring a small weather event that would wipe out that money in one night of frost or flood. I am aware that this pheonmenal ground can grow 200 bushels to the acre, (sometimes only when irrigated with millions of gallons of water). Ours probably could too if we watered it every day. What is the sense in it if your expenses are so high that you would be teetering on a make it or break it mentality every day. Kind of like if the corn is not $3.50 but more like $3 like it was this week and instead of 200 bushel you got 150. Now you write out a check for $341,000 dollars to you landlord out of your $450,000 dollars gross. After you get done paying all your seed corn dealers, fertilizer, fuel, spray, tractors, combines, repairs, etc, you are only about $200,000 in the hole. Wow, it doesn't seem all that unrealistic now. Then they forclose on your house, wife leaves, and you get to move back in with your parents. Way too common of a story. Kind of goes along with a friend of mine that is a really good farmer, does it all very well, farms over 3000 acres, grosses millions, probably nets less than I do working in an auto factory. Personally I think he is worth a million a year with all the hours he works, but it just don't seem to work that way. Women working for the state here make as much or more than him and get free health care, a months vacation and not a worry in the world.
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