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  #1  
Old 07/04/08, 11:54 AM
Judy in IN's Avatar
 
Join Date: Nov 2003
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What I MISSED! WAH!

Looking for more land with soon to be Hubby.

I was IN LOVE!

Look at that black dirt!

But it's already sold.
http://www.ag-exchange.com/farms.php...ting.php&id=30
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  #2  
Old 07/04/08, 01:23 PM
Where we all fit in!
 
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I don't have the words! All I can say is Wow. Just Wow.
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  #3  
Old 07/04/08, 01:30 PM
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I second the WOW
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  #4  
Old 07/04/08, 01:50 PM
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Too much for me, but dang I love all the windows in the back of that place.

It's wonderful.

Angie
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  #5  
Old 07/04/08, 03:29 PM
 
Join Date: Apr 2006
Location: wisconsin
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I third the WOW. But must say ouch at the price!!!!
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  #6  
Old 07/04/08, 05:26 PM
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I'd hate to pay the heat bill......

Sure is impressive though.
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  #7  
Old 07/04/08, 06:06 PM
 
Join Date: Dec 2002
Location: East TN
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It's so absurd but I'll bite. What could you/would you do with a place like that at that price to justify it?
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  #8  
Old 07/04/08, 06:08 PM
 
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Another question: How will you pay for it if your marige doen't come about?
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  #9  
Old 07/04/08, 06:21 PM
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With corn st $7.00 a bushel into 2010, it would pay for itself. I'd put everything possible under the plow. Soybeans just made $16 a bushel. Farmers finally have a chance to make a decent buck.

And did you see all the neighbors?
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  #10  
Old 07/04/08, 06:25 PM
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I also have to say "WOW". What a beautiful view from that back deck!
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  #11  
Old 07/04/08, 07:29 PM
 
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What an awesome house!!
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  #12  
Old 07/04/08, 08:49 PM
 
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Quote:
Originally Posted by Judy in IN View Post
With corn st $7.00 a bushel into 2010, it would pay for itself. I'd put everything possible under the plow. Soybeans just made $16 a bushel. Farmers finally have a chance to make a decent buck.

And did you see all the neighbors?
And you already have all of the equipment to do this and a guarantee on the price and weather?
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  #13  
Old 07/04/08, 09:09 PM
 
Join Date: Jul 2004
Location: KY
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That's one huge starter home and farm. Sorry you missed it!
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  #14  
Old 07/04/08, 10:09 PM
Judy in IN's Avatar
 
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Beeman,

This girl isn't a starter. I have some of the equipment, and ALL of the experience!

Yes, weather is a gamble, but you gotta take a chance sometime.

You going to stay wrapped in swaddling clothes?

Farmers are the biggest gamblers on the earth.
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  #15  
Old 07/04/08, 10:50 PM
 
Join Date: Oct 2006
Location: Arkansas
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Quote:
Originally Posted by Judy in IN View Post
Beeman,

This girl isn't a starter. I have some of the equipment, and ALL of the experience!

Yes, weather is a gamble, but you gotta take a chance sometime.

You going to stay wrapped in swaddling clothes?

Farmers are the biggest gamblers on the earth.
Amen to that. I once farmed about 10,000 acres for severial years and never did have a great year. Mostly I just got buy. Then 3 years in a row the weather took its tolle and now I don't farm at all.
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  #16  
Old 07/05/08, 12:29 AM
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Amen, Old Vet...

Historically, corn has never moved off $2.50 a bushel since the 1950's. I figure ethanol has about a 5 year run left.

This place has excellent corn base, and good bean ground. I would have put everything except about 14 acres in row crop.

Moot point now, though.

Am looking at 243 acres of abandoned farm ground now. Going to take some dozer work to get it into shape.

Of course, it's way cheaper, but DANG, have you seen the prices for good ground in IN, IL, and Iowa?

A lot of the big farmers are looking to MO for cheap land right now.
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  #17  
Old 07/05/08, 12:49 AM
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Location: Ohio
Posts: 123
CRAZINESS

PeAcE
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  #18  
Old 07/05/08, 07:41 AM
Judy in IN's Avatar
 
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LOL! Well, if I could sell a crop of what you're using, I could pay it off in ONE SEASON!

BUT.....I've never raised or used that crop. I hear it pays real well until the po-lice show up.
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  #19  
Old 07/05/08, 07:50 PM
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Location: Indiana
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One thing that must be taken into consideration though, are the input costs!! Wow, is about all I can say. Yep, $7 corn and $16 beans are great, but with input costs skyrocketing, those numbers don't mean a whole lot. Brings everything back down. Don't get me wrong, if input costs were still relatively flat, and the commodity prices jumped like they have, then yes, farmers could make a "decent buck". But with inputs - seed, fertilizer, fuel, the way they are now, those decents bucks will be hard earned.

I just got done visiting with the family in Ohio over the 4th, and my brother and I were having this exact conversation. Fertilizer over $1000 ton, Anhydrous $1300 ton, Fuel $4 gallon. Brother is in the ag industry (I used to be/still kind of am) and I am amazed at how much things have changed over the last 5 years. The consensus of the farmers he/I have talked to this year, established farmers will be okay, however the smaller guys will have a harder time. Actually a few of the smaller guys say they aren't even going to fertilize next year due to cost.

As it's been said, farming is a gamble. So many variables involved. So anyone who thinks that farmers are getting rich because of commodity prices, ought to take a serious look at how the outrageous input costs are affecting the bottom line.

Regarding the land/house that was posted, I'd give my right arm for that. But, the price is a bit out of my price range. However, the wife and I have been looking at land in Indiana for about 6 months now, and the cheapest we have found in our area, is about $6,000/acre.
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  #20  
Old 07/06/08, 06:42 AM
Judy in IN's Avatar
 
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buckeyefarms,
I agree with everything you say.

Have heard that 5 ethanol plants have been scrapped in the planning stages because they can't afford the corn!

That farmstead was a pretty good deal, if you factor in the buildings and take into account the soil type. Plus, it was contiguous ground.

Raw land in IL and Iowa is $7.5k an acre on average.

The inputs are the reason so many farmers in my area went to soybeans this spring.

We're going to look at the piece of raw land south of me tomorrow. $2900 an acre, but we might as well buy a dozer. Going to be a long, cold winter reclaiming that land.
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