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| Dave Ramsey believes the "borrower is slave to the lender" line applies to both personal and business. Why should this part of the bible only apply to personal life? To be straight forward, he doesn't believe farm ground and farming are good investments because the return is too low for the risk taken on. He's probably right if you look at it from a strict business viewpoint. We have a lot of risk taken for not a lot of return.
Long term numbers in dryland farming here are probably 3.5% return on crop and 3.5% return on the investment in farm ground (both long term numbers and assume you didn't buy ground at the high of the 80's ($1500/ac) and watch it fall in half(around $850/ac now). I had one of the larger neighbors, who was really a good farmer and marketer, tell me that just because he was bigger didn't mean he was making a profit (this was during the low price years 5 years ago).
Interesting conversation
FWIW
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Debt is a tool
