SF
Well-known member
Wewild":3pulyzfe said:SF":3pulyzfe said:Wewild":3pulyzfe said:What would his note be?
I don't think you were addressing me Wewild, but I'll respond anyway. Around here, his note payment on the 150 acres would be between $20,400 and $30,000 per year depending upon the parcel of land purchased. Less if he were to be creative with the structure of the mortgage.
You got the land at between $2,000 and $3,000 per acre. That would be low here and probably in FL.
Add in $100,000 in cows and $100,000 in equipment and facilities.
That would put his cost just on the note at between $325 and $450 per calve sold.
He might have a tough row to hoe.
No doubt about it. I've stated in previous posts that it is very difficult if not impossible to pay for land with cattle. Not saying it can't be done, but one is going to have to find a niche market to accomplish this.