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What would you do?
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<blockquote data-quote="mitchwi" data-source="post: 197990" data-attributes="member: 2063"><p>80acres open, hills. You don't need the land at the moment, say 5 to 10 years. Would you rent it out or plant crops yourself. You have the tractor hp for dig and disc and that equipment. You have no planter or fertilizer equipment. You have a corn picker, but not a combine nor a dryer or bins. If you plant yourself, buy the equip? or hire custom? </p><p></p><p>I have done the math, and if hired custom, corn prices would have to be pretty close to $1.80/bu to break even. Between LDP and current prices, that is realistic. I have not done the math to buying own equip. Obviously that would involve longer period of time for ROI. </p><p></p><p>If I rent, well, cash in hand, but I forgo expansion. At this point I am not ready/willing to expand the farming operation (cattle).</p><p></p><p>Any opinions either way? Appreciate it!</p><p></p><p>Michele</p></blockquote><p></p>
[QUOTE="mitchwi, post: 197990, member: 2063"] 80acres open, hills. You don't need the land at the moment, say 5 to 10 years. Would you rent it out or plant crops yourself. You have the tractor hp for dig and disc and that equipment. You have no planter or fertilizer equipment. You have a corn picker, but not a combine nor a dryer or bins. If you plant yourself, buy the equip? or hire custom? I have done the math, and if hired custom, corn prices would have to be pretty close to $1.80/bu to break even. Between LDP and current prices, that is realistic. I have not done the math to buying own equip. Obviously that would involve longer period of time for ROI. If I rent, well, cash in hand, but I forgo expansion. At this point I am not ready/willing to expand the farming operation (cattle). Any opinions either way? Appreciate it! Michele [/QUOTE]
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