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<blockquote data-quote="tnwalkingred" data-source="post: 1084157" data-attributes="member: 14434"><p>u4411clb,</p><p></p><p>Your situation is a lot like mine. I love right outside Murfreesboro and Franklin TN and both those cities are growing at a rapid pace similar to Huntsville. There is always going to be "what ifs" in life no matter what you're doing. I used to play golf, play poker, and ride horses a lot before I started farming as my main hobby. According to my accountant I haven't made any money in the past few years but I sure have bought and paid for a lot of nice things and my savings account keeps growing and growing. I figure I've actually "made" some money since I started farming because my former 3 hobbies had ZERO chance of ever making money and since I bought the cattle I no longer have time for them! I think the property is very well priced. My first offer will be somewhere between 100-120K. If I can buy it for that price there is little chance it won't appreciate in value fairly significant over the next 20 years. Hell either way I can afford it and it's another excuse to get out and enjoy my cattle and the country! </p><p></p><p>Jogeeephus,</p><p></p><p>I still plan on improving the 100 acres at the house. I actually just had a culvert installed last week (the cost of gravel is ridiculous by the way) for the people who are logging my cedar. I will do good to pay for the culvert on my % of the logs but they are cutting all the trees at ground level and piling the brush for me. It will take them all winter to harvest the 10 acres but when they do I will fence that part off and begin grazing it. I don't have time to take care of the livestock, get hay up, clear land, AND fence 100 acres. If I hired out the clearing and fencing it would cost me well over 50K to get 50 acres in working condition. Then I would still be fighting the stumps for a long time. I would be lucky to get it completed in 2-3 years. That's what got me thinking about buying a place. Why spend 50K to "improve" property that at the end of it still would not be tillable when I could buy a place and start seeing a return on it immediately. I can still work on clearing/fencing a few acres every year at the house in my spare time. I'll do all the work myself and my only expenses will be material and fuel. If I still have a lot of land that needs improving when I retire I'll have plenty of time to fool with it then. My goal is to run 100 cows and I'm going to have to buy a place at some point to reach that goal. I figure now's a good time as any to be in the business and try and take advantage of the high prices. </p><p></p><p>Bigbull,</p><p></p><p>Do you think it's safer to buy pairs to keep for the long haul? Any bred cows are high right now and bred heifers are thru the roof. I figured I could find some full mouth cattle worth the money and then flip them in the fall. You wouldn't have to be so picky in the cows you bought if you planned on only owning them for less than a year. I've found that there are some real deals to be made on cattle if you have cash in hand and shop around everyday. </p><p></p><p>Kyle</p><p></p><p></p><p>Kyle</p></blockquote><p></p>
[QUOTE="tnwalkingred, post: 1084157, member: 14434"] u4411clb, Your situation is a lot like mine. I love right outside Murfreesboro and Franklin TN and both those cities are growing at a rapid pace similar to Huntsville. There is always going to be "what ifs" in life no matter what you're doing. I used to play golf, play poker, and ride horses a lot before I started farming as my main hobby. According to my accountant I haven't made any money in the past few years but I sure have bought and paid for a lot of nice things and my savings account keeps growing and growing. I figure I've actually "made" some money since I started farming because my former 3 hobbies had ZERO chance of ever making money and since I bought the cattle I no longer have time for them! I think the property is very well priced. My first offer will be somewhere between 100-120K. If I can buy it for that price there is little chance it won't appreciate in value fairly significant over the next 20 years. Hell either way I can afford it and it's another excuse to get out and enjoy my cattle and the country! Jogeeephus, I still plan on improving the 100 acres at the house. I actually just had a culvert installed last week (the cost of gravel is ridiculous by the way) for the people who are logging my cedar. I will do good to pay for the culvert on my % of the logs but they are cutting all the trees at ground level and piling the brush for me. It will take them all winter to harvest the 10 acres but when they do I will fence that part off and begin grazing it. I don't have time to take care of the livestock, get hay up, clear land, AND fence 100 acres. If I hired out the clearing and fencing it would cost me well over 50K to get 50 acres in working condition. Then I would still be fighting the stumps for a long time. I would be lucky to get it completed in 2-3 years. That's what got me thinking about buying a place. Why spend 50K to "improve" property that at the end of it still would not be tillable when I could buy a place and start seeing a return on it immediately. I can still work on clearing/fencing a few acres every year at the house in my spare time. I'll do all the work myself and my only expenses will be material and fuel. If I still have a lot of land that needs improving when I retire I'll have plenty of time to fool with it then. My goal is to run 100 cows and I'm going to have to buy a place at some point to reach that goal. I figure now's a good time as any to be in the business and try and take advantage of the high prices. Bigbull, Do you think it's safer to buy pairs to keep for the long haul? Any bred cows are high right now and bred heifers are thru the roof. I figured I could find some full mouth cattle worth the money and then flip them in the fall. You wouldn't have to be so picky in the cows you bought if you planned on only owning them for less than a year. I've found that there are some real deals to be made on cattle if you have cash in hand and shop around everyday. Kyle Kyle [/QUOTE]
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