How Far Would You Go For Land?
Just like many others we're in an area where land is almost impossible to acquire unless you've got daddy's quota money. Unfortunately for us our immediate area is so choked full of livestock (us included) that any land that does come up get's bid up to insane prices. We currently run about 800ac all within a 4mi radius of the yard with most of it owned or within the family.
That brings me to the question of this thread, how far does it make sense to go for land? Talking to some neighbors who've gone out a bit further there seems to be some potential opportunities for good land about 25-30ish miles away for almost half of what the local going rate is. Those who have gone further out is it worth it? What are some considerations when farming land that far away? What are all the costs of transporting equipment/fuel/seed/chemical/etc back and forth? I'm just starting to gain some ownership of the farm and took on some decent debt with a major barn project so we're definitely not out knocking on doors, but if opportunities are coming up over the next few years we want to have thought things through so we know what we want to do ahead of time.
"Though the fig trees have no blossoms, and there are no grapes on the vine. Though the olive crop fails, and the fields lie empty and barren. Though the flocks die in the fields, and the cattle barns lie empty. Yet I will rejoice in the Lord, I will be joyful in the God of my salvation." Habakkuk 3:17-18