Can anyone become a farmer?

Discussion in 'Off-Topic' started by mtowncyclone13, Oct 20, 2019.

  1. madguy30

    madguy30 Well-Known Member

    Nov 15, 2011
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    I know a lot of teachers who don't have those things unless they married someone with some sort of 6 figure job or something.

    Not saying they're all underpaid...many people in general simply don't know how to live within their means, but typically many live paycheck to paycheck.
     
  2. isufbcurt

    isufbcurt Well-Known Member

    Apr 21, 2006
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    I can tell you the minute we inherit the farm land we will inherit it is going up for sale and we will happily be in the millionaires club. It just sucks that it is going to be so late in life that I won't be able to thoroughly enjoy it.
     
  3. VTXCyRyD

    VTXCyRyD Well-Known Member

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  4. mtowncyclone13

    mtowncyclone13 Well-Known Member

    Oct 10, 2012
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    i don't disagree with you but this is why people think farmers are rich.
     
  5. isufbcurt

    isufbcurt Well-Known Member

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    That and buying $400,000 machinery. I don't know many poor people who can do that.
     
  6. ArgentCy

    ArgentCy Well-Known Member

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    Just waiting for the day my wife's grandfather passes away. Somehow still gets out in the field in his 90's. They've already had lots of fights with a couple of the children who chose other careers (but somehow think they deserve this as their retirement). They want to keep it in the family and about the only way to do that is cut those kids out and give it to the one or two who want to keep farming. I just find it amusing in a watching a slow motion train wreck sort of way.
     
  7. isufbcurt

    isufbcurt Well-Known Member

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    This land is currently being rented out as my wife's parent don't farm (they inherited the land) but they can't sell it because their basis in it is like $400 per acre and it is valued at $7000ish per acre now so they would get killed with capital gains.
     
  8. BigBake

    BigBake Well-Known Member

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  9. CycloneDaddy

    CycloneDaddy Well-Known Member

    Sep 24, 2006
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    This is my dad and aunts problem as well. They just collect the yearly rent check but once the grandkids get it Im quite sure we will sell it as rent split 10 ways isnt worth the hassle.
     
  10. cymac2408

    cymac2408 Active Member

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    That’s what I did. As soon as I retire next August. I am moving to a 160 acre farm but the only thing I’ll be farming is government subsidies.o_O
     
  11. NWICY

    NWICY Well-Known Member

    Sep 2, 2012
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    Got the whole thing locked up in CRP?
     
  12. Rabbuk

    Rabbuk Well-Known Member

    Mar 1, 2011
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    Hydroponics?
     
  13. jammin

    jammin Active Member

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    Keeping farm machinery and equipment up and running through breakdowns and yearly maintenance is an extra cost that can really creep up and be wildly variable from year to year unfortunately.

    We do as much mechanical/fixing as possible but our yearly totals can still be really really really high in some years.
     
  14. agcy68

    agcy68 Well-Known Member

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    I get what you are saying, but it doesn't really make sense when you stop and thing about it. The land is a capital investment and, if you want to farm, you can't just sell it. And the equipment is the same way except by the time you are done with equipment it isn't worth anything.

    That would be like you selling all your personal belongings. You could pimp up that bank account, but then what?

    Most farmers I know don't do it to get rich. Every once in a while they have really good years, but then the cost of inputs, especially rent, usually go up and you are back where you are just trying to make a decent living.

    Most farmers do it because they grew up with it and it is what they know. They do it because they want to be their own boss. And, they do it because they like to farm.
     
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  15. Farnsworth

    Farnsworth Well-Known Member

    Apr 11, 2006
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    FIFY. I was a succesfull self made farmer in middle school. Not rocket science.
     
  16. ISUCY23

    ISUCY23 Well-Known Member

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    Not how that works lol
     
  17. cymac2408

    cymac2408 Active Member

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    CRP and CWP (clean water protection), I have two streams running through the property that we had about 500 trees planted for buffer.
     
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  18. capitalcityguy

    capitalcityguy Well-Known Member

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    #138 capitalcityguy, Oct 23, 2019
    Last edited: Oct 23, 2019
    An alternative option that is much more realistic might be growing produce that is sold locally. You'd want to locate somewhat close to a major population center so you'd have the public and plenty of restaurants as clients.

    The big trend (and I think it will only continue) is the demand for locally sourced food. I've watched with interest this place that started really close to my home here in Des Moines. Every year they expand (including adding some greenhouses to expand the growing season). Husband is real estate agent and wife runs this biz full time.

    https://www.dogpatchurbangardens.com/#dogpatchurbangardens
     
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  19. Hoggins

    Hoggins Active Member

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    darn socialist farmers!
     
  20. throwittoblythe

    throwittoblythe Well-Known Member

    Aug 7, 2006
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