nuru123

I had this discussion with my grandpa many times before he passed away (earlier this year). We determined that it would be nearly impossible for a person to just decide to be a farmer and go buy the stuff necessary these days. The cost of land alone in MN would take 10 years of 175 bushels an acre (at current price) to pay off assuming your other costs were $0. Then factor in seed, fuel, equipment, interest on loans, etc. He said you would be scraping by until you were old and gray before you got ahead.

The sad thing is, even if you own the land you make almost as much money renting it then you would farming it with no risk/work. My grandpa was getting like $375/acre for his land and he was giving the guy a deal because he was a good friend. He could have easily gotten $425 around there.