JoLy
Member
backhoeboogie":2cj13rp0 said:JoLy":2cj13rp0 said:Thank you to everyone who has given advice, we appreciate it alot!
I hope God Blesses all your endevors!
I've lost a lot of nickels through the years but I have never lost any when I bought land. Land has always made me money. There was a time when I was starting out in life that I wished I owned 5 acres.
It is tough to get an ag-exemption on 5 acres of land. I don't think you'll be able to do so. You would be better served buying a little more ground and something with a little better soil.
I don't think you'll make many nickels with cattle on that small of a scale. Best thing for now is to try and focus on breaking even, getting some experience, and getting some equipment along the way. You're going to need a good head gate and such eventually. You may be able to jump a little deeper later on and any equipment you already have at that point will be a bonus.
Most everyone of us started somewhere. I made some mistakes a long the way. Buying land has never been a mistake. Take your time when you buy anything. Buy sound used equipment any time you can. Fencing is expensive. If you can find a small place you can afford that has good fencing and perhaps working pens and such already set up, you will be better served. Horse people are pretty bad about throwing out a whole bunch of nickels on pens, fencing and equipment then deciding they don't much care for feeding all those horses. Look for a small "ranchette" already set up.
This place already has an ag exemption, as at one time it was part of a larger property. Also, it is hemmed in by 2 large ranches, so the fencing is recent, and really well done.
We are thinking of this as a starting place, our launch pad. Really, We want to make enough to help pay off the property faster, and so we can experience.
Thanks for the advice and encouragement!