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Want to become Farmer/Rancher

Discussion in 'Road Side Pub' started by Sirraf, Nov 8, 2019.

  1. Sirraf

    Sirraf Well-Known Member Premium Member Established Member

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    So, this is a pretty radical idea of mine. I have always wanted to go out and own a farm or ranch and work it for a living. I don't know this first thing about it though. I have a good job and make good money, but this has always been a dream of mine. I currently live in Tennessee and would be willing to move to make it work. I was thinking Texas might be a place that would have alot to offer in the way of farming or ranching.

    How in the world would I even get started with something like this? Does anyone have any experience or how I could make this work?
     
  2. ssj4sadie

    ssj4sadie Well-Known Member Established Member

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    First write this idea down on a piece of paper, second crumble the paper up, third throw it in the trash.
     
  3. Silverstrike

    Silverstrike It's to big to move FAST! Established Member

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    first thing is how many acres do you want like a 5 acre parcel or a 250+ type that is the first question that needs answering. Because if it's 5 then you are looking at 2 maybe 3 cows max.
     
  4. IronSnake

    IronSnake Permanently apathetic Established Member

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    1) you need to get experience on a real ranch/farm
    2) you need to start small, work your way up
    3) getting a rural piece of land with a small house on it and farming a couple acres on your own accord (while also working a regular job) would be the best
    4) pretty sure you can farm in Tennessee is the plot of land is correct

    So keep your current gig. Downsize your commitments elsewhere, buy 5 acres in the middle of nowhere with good soil, build a barn, buy a tractor/equipment, and get to learning.
     
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  5. Weather Man

    Weather Man Persistance Is A Bitch Established Member

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    If you want to be buried under a mountain of debt, get into farming cold start.
     
  6. 03Sssnake

    03Sssnake TK-421 Established Member Beer Money Bros.

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    Do you know how to make a small fortune in farming/ranching? Start off with a large one...
     
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  7. Mojo88

    Mojo88 "Hammer" Time Established Member

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    Take a few months off and go actually work at a farm.
     
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  8. 598

    598 Well-Known Member Established Member

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    Are you thinking hobby farm, or row crop? Row crop is incredibly capital intensive. There is big demand for talented and committed labor in ag, but recognize you are just someone else's employee. With much more variable hours that you cant choose.
     
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  9. Mpoitrast87

    Mpoitrast87 Well-Known Member Established Member

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    Id watch videos of "cole the cornstar" on youtube. Hes a 20 year old kid who makes videos on farming and goes over expenses and all kinds of stuff. IMO Farming is financial suicide.
     
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  10. BlckBox04

    BlckBox04 I am the liquor Established Member

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    this
     
  11. Blk04L

    Blk04L . . . Premium Member Established Member

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    A better use of your money would be to go to r/wallstreetbets and take the first post advice on investing your life savings.
     
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  12. 72MachOne99GT

    72MachOne99GT Well-Known Member Established Member

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    Savages!
     
  13. Coiled03

    Coiled03 Well-Known Member Premium Member Established Member

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    Never heard someone so excited to basically light money on fire.
     
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  14. Booky

    Booky Who's Pick'n The Banjo Here? Established Member

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    Per the news last night, Wisconsin is losing 3 small dairy farms everyday.

    Food for thought.
     
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  15. BOOGIE MAN

    BOOGIE MAN Logic and Reason Established Member

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  16. GodStang

    GodStang Well-Known Member Established Member

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    Man Hemp is the next big farming thing in our state.
     
  17. ur bittn

    ur bittn By the snake Established Member

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    Do you at least do a garden every year?
     
  18. jaxbusa

    jaxbusa Well-Known Member Established Member

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    Equipment is expensive.


    Sent from my iPhone using svtperformance.com
     
  19. sleek98

    sleek98 Well-Known Member Established Member

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    Without free or near free land you will likely not cash flow the mortgage unless you have a enough cash to pay for the land and the equipment up front, and even then you would be better off leaving the millions in an index fund and growing a garden out back.

    I have only seen a farm be in the black after depreciation a hand full of times over the last 8 years of preparing tax returns. The best way I see to build wealth as a farmer is to break as even each year and let the land value increases. For example the family farm bought 75 years ago is now lining a major highway and you sell it off to development companies for millions when you paid thousands for the land.
     
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  20. Voltwings

    Voltwings Well-Known Member Established Member

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    Most farms operate at a loss I believe, and it's write offs and subsidies that keep them alive.
     
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