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<blockquote data-quote="Kell-inKY" data-source="post: 1289793" data-attributes="member: 23511"><p>like the realtors say, location location location</p><p></p><p>You don't state whether you are married and have kids, if you are wanting a bargain in a depressed area it may not go over well with the wife when it comes to the school system etc? I also have to wonder if this 80 acres is full of trees, or is it pasture?</p><p></p><p>In my area (which is pretty high I must admit), you would be looking at a half a mill minimum. In the worst most depressed area I can think of within 50 miles, it would still be twice what you are seeing UNLESS it is mostly trees. Even figuring at 2500 an acre for pasture (totally unheard of around here), it would still be 200k WITHOUT a house or barn. Productive farm land is not cheap. I really have no idea what land values are in Eastern and Central Kentucky though, so keep that in mind.</p><p></p><p>Not trying to discourage you, if you can actually get 80 acres of pasture, with a liveable house and a barn, then it sounds great, <strong>except I don't think 50 head is enough to replace a full time income</strong>. Plus you have cattle experience which is very valuable. However, I am not a fan of you going into debt in such a risky venture with cattle prices etc. Have you tried the Dave Ramsey thing?</p></blockquote><p></p>
[QUOTE="Kell-inKY, post: 1289793, member: 23511"] like the realtors say, location location location You don't state whether you are married and have kids, if you are wanting a bargain in a depressed area it may not go over well with the wife when it comes to the school system etc? I also have to wonder if this 80 acres is full of trees, or is it pasture? In my area (which is pretty high I must admit), you would be looking at a half a mill minimum. In the worst most depressed area I can think of within 50 miles, it would still be twice what you are seeing UNLESS it is mostly trees. Even figuring at 2500 an acre for pasture (totally unheard of around here), it would still be 200k WITHOUT a house or barn. Productive farm land is not cheap. I really have no idea what land values are in Eastern and Central Kentucky though, so keep that in mind. Not trying to discourage you, if you can actually get 80 acres of pasture, with a liveable house and a barn, then it sounds great, [b]except I don't think 50 head is enough to replace a full time income[/b]. Plus you have cattle experience which is very valuable. However, I am not a fan of you going into debt in such a risky venture with cattle prices etc. Have you tried the Dave Ramsey thing? [/QUOTE]
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