Askme42
Well-known member
Hey guys and gals. First post here. I've been lurking a lot for a few months.
Here's the deal I'm getting ready to close on about 300 acres. 200 of that is pasture. My grandpa ran a cattle farm on it for close to 50 years. While the pastures have been kept up just about everything else fences buildings ect are due for a facelift. I feel I'm getting no pretty good deal on the land and my payment will be just a hair over 2k a month. The wife and I both have good jobs making the payment isn't a problem just ideally I'd like to make the land pay for itself.
I feel like giving myself a 5 year time frame to make this happen is pretty reasonable. I realize cattle prices can go anywhere and that effects a lot but am I being fairly realistic here?
Here's the deal I'm getting ready to close on about 300 acres. 200 of that is pasture. My grandpa ran a cattle farm on it for close to 50 years. While the pastures have been kept up just about everything else fences buildings ect are due for a facelift. I feel I'm getting no pretty good deal on the land and my payment will be just a hair over 2k a month. The wife and I both have good jobs making the payment isn't a problem just ideally I'd like to make the land pay for itself.
I feel like giving myself a 5 year time frame to make this happen is pretty reasonable. I realize cattle prices can go anywhere and that effects a lot but am I being fairly realistic here?