dianneS
Loving the herd life
- Joined
- Aug 17, 2009
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- 974
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My neighbors father's farm is for sale. Its 20 tillable acres, currently being farmed. A four bedroom 2 bath house and a big white bank barn and corn crib, for only $250k! The catch is that the house is in a flood plain and any bank holding a mortgage on the property would require very costly flood insurance.
We live on the adjoining farm which is 14 acres of fenced pasture, woods and landscaping/flower gardens etc. We have no tilled fields of our own.
I would love to buy it, but am frankly scared to make the investment. We're not interested in the house and would probably tear it down if we bought the place. I need creative ideas for making this additional acreage pay off, or ways to find an investor or other interested party to collaborate with. I hate to let this bargain get away, but at the same time, its a big risk.
What would you do if you had the opportunity to expand your farm at a good price, yet a significant expense and financial risk?
We live on the adjoining farm which is 14 acres of fenced pasture, woods and landscaping/flower gardens etc. We have no tilled fields of our own.
I would love to buy it, but am frankly scared to make the investment. We're not interested in the house and would probably tear it down if we bought the place. I need creative ideas for making this additional acreage pay off, or ways to find an investor or other interested party to collaborate with. I hate to let this bargain get away, but at the same time, its a big risk.
What would you do if you had the opportunity to expand your farm at a good price, yet a significant expense and financial risk?