Buying a land for hobby farming - evaluation needed
Anna Cunningham
5 years ago
last modified: 5 years ago
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Buying New Farm Land
Comments (5)If you are into truck gardening, 50-75 acres might be enough to make a go of it as a sole income. Otherwise, you won't be able to survive on that acreage. You will probably find it very hard to get financing unless the seller is willing to finance on a contract for deed. At the time of the purchase, you will be essentially unemployed and cannot provide a history of farming or a high probability of future income for a lender to qualify you on. One of the better places to go for farm financing is Farm Credit. Farm Service Agency, through USDA Rural Development has financing for beginning farmers, however you may need to show some farming experience, while at the same time if you show more than about 5 years of farm income, you won't qualify as a beginning farmer. What most people seem to do is use an off-farm job as a primary means of support, possibly working for another farm, then farm on the side and weekends. If things go well, they will expand the farming until they can make a living at it and cut back on the off-farm jobs. But, having the off-farm job helps provide the stable income needed to get the initial mortgage on the property. Quite often a spouse will hold an off-farm job permanently to provide and stabilize the family income and the farm income will mostly go to support the farm and debt payments. If you are not experienced in farming, you will pretty much be having to get degrees in biology, chemistry, animal science, plant science, soil science, mechanical engineering, business management, mechanics, veterinary medicine, entomology, microbiology, marketing, and possibly labor management in the first year while at the same time working a full time job (your farm). It isn't an easy task. I'd go in slowly and build up. Good luck....See MoreI have bought a hobby farm!
Comments (3)Craigslist is the used stuff shopping place now. Seems like you can find anything there! I now have two cattle, a trailer, patio stones, other things we found on there when we needed an item. Sometimes you can find auctions on Weekends, pick up things you want or need. You NEED to know prices, so you don't overpay. Check items out totally, before bidding because once you buy, it is yours working or not. Congrats on the new place....See MoreBuying Some Farm Land Near Naples - What Should I Be Aware Of?
Comments (35)pnbrown, Texas Dolomite is from ancient seabed limestone which I believe they said it has the traces of the ancient ocean greenery deposited in it as it was formed. Another good source of minerals is Greensand because it supplies marine potash, silica, iron oxide, magnesia, lime, phosphoric acid and 22 trace minerals. It's a boon for tomato lovers, because it has the 'vitamins and minerals' that tomato plants need to produce abundant, intensely flavored fruit With my having been a prospector, I'm fortunate to still have(in many buckets in my barn)the pebbly sand left over after processing for gold and silver which I also use in my potting soil mixtures. This pebbly sand comes from stream bottoms and diggings that I've prospected all over this country adding many minerals not found in Florida soils. Aw heck... now the secret of my potting soil is disclosed. Lou...See MoreOrdered from Land of the Giants Hosta Farm
Comments (23)Moccasin, Yes I sent you that file as an example how I keep track of my hostas. I still use MS Excel, now in 2014 have more hostas, a bigger map, separate sheets for 'must haves', 2012/2013/2014 seedlings, chemicals in use, and a work plan. Excel is a neat package, even my grandson uses it. Powerpoint and Word are also part of Microsoft Office, mine is a 2007 version and still works. I have Excel and do not know which other program could be used to open it. But perhaps you could ask a computer geek at a mall, they might tell you. I loaded my son's copy of Office on my computer, so perhaps a computer store would load it on your computer for a small fee. Bernd...See MoreAnna Cunningham
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