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Farming for a living?
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<blockquote data-quote="The Bachelor" data-source="post: 569191" data-attributes="member: 1336"><p>Here's the formula that has worked for us. Mind you two seperate generations.</p><p></p><p>Father in Law busted his butt working on the family farm and worked in a chicken plant. Finally scrimped and saved and bought a 1/4 section of land, an old potato farm at the age of 37. Got married and started raising a family. Dairy farmed for 30 years cow cafed for 15 more.</p><p></p><p>I busted my butt and started buying land. Started raising a family and finally got around to animals by the age of 40. Now I decided to put my kids through college. Looks like I'll be through working for about 4 more years. Meanwhile everythings paid for and I can get by on a cow/calf herd of about 50.</p><p></p><p>Both of our generations rely heavily on the garden and barnyard. I won't be rich, but I don't want to be.</p><p></p><p>Personally, I think it still can be done like my Father in Law did it. Save save save. Get enough for a farm and buy it. Then start thinking about the next 30 or 40 years of your life. I bought land gradually finally got to enough where I could support my target herd of 50. The disadvantage to that is my pastures and house are in 4 different areas of the county. Different from how he did it, but I needed to spread out costs (fencing, animals etc....) gradually.</p><p></p><p>Good Luck,</p><p></p><p>Brad</p><p>IMO The key is limited debt while your doing it, and no debt once you do it full time.</p></blockquote><p></p>
[QUOTE="The Bachelor, post: 569191, member: 1336"] Here's the formula that has worked for us. Mind you two seperate generations. Father in Law busted his butt working on the family farm and worked in a chicken plant. Finally scrimped and saved and bought a 1/4 section of land, an old potato farm at the age of 37. Got married and started raising a family. Dairy farmed for 30 years cow cafed for 15 more. I busted my butt and started buying land. Started raising a family and finally got around to animals by the age of 40. Now I decided to put my kids through college. Looks like I'll be through working for about 4 more years. Meanwhile everythings paid for and I can get by on a cow/calf herd of about 50. Both of our generations rely heavily on the garden and barnyard. I won't be rich, but I don't want to be. Personally, I think it still can be done like my Father in Law did it. Save save save. Get enough for a farm and buy it. Then start thinking about the next 30 or 40 years of your life. I bought land gradually finally got to enough where I could support my target herd of 50. The disadvantage to that is my pastures and house are in 4 different areas of the county. Different from how he did it, but I needed to spread out costs (fencing, animals etc....) gradually. Good Luck, Brad IMO The key is limited debt while your doing it, and no debt once you do it full time. [/QUOTE]
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