The Combine Forum banner

1 - 20 of 104 Posts

·
Registered
Joined
·
31 Posts
Discussion Starter #1
Thinking about working some land that’s in the family. Would start with 80ac and hopefully gain another 160, wheat, canola and maybe beans. Might also have the option to rent up to a total of 340-440 acres. This is more of a hobby then a money maker. Would hire a lot of custom, but would probably buy an older combine/grain truck for harvest. Father in law ret from farming awhile back and is more then willing to help out. Will the numbers work or is this a pipe dream? Would appreciate any advice or constructive criticism. Thanks
 

·
Registered
Joined
·
132 Posts
Yep it’s a pipe dream alright, but if it’s your dream then run the numbers and decide for yourself. It won’t make a living but if it’s a net zero or a small positive hobby, that’s better than any other hobby you could have
 

·
Registered
Joined
·
447 Posts
If you are looking for ideas, experience, feedback check out these guys https://www.directfarmmanitoba.ca/ Check out their conference link in that page. If Kalynn is still involved find her at the conference, she is super smart and knows everyone you need to talk to. If you are thinking about this at all seriously don't miss the conference.
 

·
Registered
Joined
·
480 Posts
Pipe dream and way to much risk couple wrecks and you are paying for years or lose land not worth the risk rent out and invest the money.
 

·
Registered
Joined
·
518 Posts
you won't be able to justify newer equipment, maybe twenty years old at best .... and not the the bigger stuff either ..
i ran old stuff, but was able to fix it myself, or most of it ... except powershift, lol
 

·
Registered
Joined
·
31 Posts
Discussion Starter #9
I know how to pull wrench’s, have a nice 40x60 heated shop to work in with tools with another nice poll shed for storage. Thank you for the link, will definitly get in contact with them. This is obviously more of a hobby( working my grandp’s land seems very nostalgic to me)I get a fair amount of time off with my full time gig that pays the bills.
 

·
Registered
Joined
·
31 Posts
Discussion Starter #10
Id be looking at a green 7720 or 8820. Not opposed to a 16** case either. With an older grain truck. Would hopefully deliver direct to market(26 mile round trip) but there is commercial grain storage at half the distance at 0.07$ a bushel they also provide drying. I’ve got a few worst case numbers for input cost and that hasn’t scared me off....yet
 

·
Registered
Joined
·
73 Posts
I would say if it’s your dream then go for it. If your in if for the money it will be break even at best. If you just want to run nice new equipment and have no stress rent the land out and find a neighbour to help out.
 

·
Registered
Joined
·
1,580 Posts
Asking here for advice is like asking a couple of drunks at the bar if you should have another drink.


There should be some local sources for budgets. Look at those numbers and see what you think. Then factor in those numbers came from experienced operators. The learning curve in this business is steep, and for you it will all be on your dime.


80 acres isn't enough land to buy junk yard equipment.


Absk has the best advise, find a neighbor to help. It gets you some experience and first hand knowledge while you are getting paid.
 

·
Registered
Joined
·
31 Posts
Discussion Starter #13
Good think I like to drink every now and then. Don’t mind helping a neighbor out but not really what I’m after.
 

·
Registered
Joined
·
31 Posts
Discussion Starter #14
With our initial numbers(planning worst case) we get a loss, but get 5bushels/acre or a decent market price and we’re smilling. Crazy how big a difference it is by changing the variables by the smallest amounts.
 

·
Registered
Joined
·
979 Posts
Why not? If you have the land go play. Like you said, just hire the neighbor for a year or longer as he can just jump the fence.

Old iron prices are about bottomed out so should be able to find some equipment over time. If it doesn't work out most should already be bottomed out so put it for sale get a boat and fish...
 

·
Registered
Joined
·
100 Posts
I can understand your situation. I farm a 1/2 section, I also have a business welding/supervising in the oilfield and for a few locals. When I started my goal was to be able to make my land payments and expenses without needing money from any other source. and have some left over to upgrade equipment etc. That is very doable. You can fix your own stuff that is a must. My question would be how flexible is your job time wise and are you able to do everything alone if need be? If your father in law can help that’s great but he won’t be there forever. When I first started Dad would help with harvest or running equipment if I had to go weld for a local, but the last 3 years his health hasn’t allowed him to do that. It made a big difference when he would start combining in the afternoon until I got home from work. If you are stuck at work all day you lose a lot of the best window especially at harvest.
 

·
Registered
Joined
·
31 Posts
Discussion Starter #18
My job is pretty flexible, I don’t think I would have any trouble finding the time for harvest, as for help I have a lot around me some with experience some with out. I’ve got the 80 to play with and would eventually like to get the 1/4 beside it. My goal would be to make enough profit to make land payments.
 

·
Registered
Joined
·
84 Posts
Absolutely go for it. If you're handy with a wrench, buy some old stuff and go. Do some honest budgeting, and maybe at least basic crop insurance, and start from the bottom up with old equipment. One of the neighbor boys here bot a 5k Versatile 4WD, a 7k Concord drill, picked up an old deep tiller from another neighbor for nothing and he's farming a bit. I sprayed some for them and his uncle and grandpa combined. You won't get rich but you can fulfill a dream and most years make a little.
There is a line (somewhere??) if you hire it all out, then don't expect much in return. Farming ground takes an investment of some money.
 
1 - 20 of 104 Posts
Top