novatech":ruqesmr4 said:
But your wife had better be able to support you for a few years while you go through the learning curve and get the business started.
Thats the problem here. As I understand it (TN correct me if I am wrong) he needs to net $80,000 a year over the next three years in order to live and pay off this debt. I would much rather go to the bank and do a conventional 30 year than do this and risk that he can't pay off the Mennonites in 3 years of improving the property.
He needs $80,000 a year. To cover costs of fertilizer, feed, taxes, parts and repairs, seeds, equipment, fuel, startup, and other operating costs I am GUESSING that gross is 3 times net so we really are talking about $240,000 worth of production NOT $80,000.
Using Bez's free range chickens, at $5 per free range chicken, he needs to raise 48,000 chickens a year to do that. In three batches that would be 16,000 chickens per batch. At 200 chickens per portable pen, that would be 80 portable pens to move every day.
If he did organic vegetables, and got (I am guessing wildly here) $60 per bushel he would need to sell 4000 bushels per year. Assume an acre yields ~2800 lbs of produce or 51 bushels per year and he needs 78 acres of organic vegetable gardens
If he did free range hogs, and got $429 per pig (assuming 55% marketable dressing%, 260 lbs per pig, and $3 a pound of product, he would need to sell 560 pigs. At 18 pigs per sow per year that is roughly a 31 sow herd.
If you combined direct marketing, 26 acres of organic vegetables (grossing $80,000), 12 sows farrowing twice a year (grossing ~$80,000), and 2 batches of 8000 organic chickens (grossing $80,000) fertilizing the heck out of the garden fields in the winter/late spring and late fall/winter.......theoretically this is doable. I don't see how they do this much work and a lot of marketing is required. I don't recommend trying this, but if you just HAD to do this this is the best that I can come up with.