Further more in case you think you make a lot of money on your pasture or hay:
Pasture/acre:
bush pasture $30/acre rent
improved pasture (conventional) $50
hay @3 tons/$60 ton $180
less costs (cutting, raking, baling, hauling,seeding/fert) ??? $120
Net hay $60?
If you can buy land for $1,000/acre at 3.5%, all of the above would work....or come close to it? At $2000/acre, none of the above would work.
When you get up to $3,000 or %$4,000/acre......I don't think anything will work....unless you're selling stuff in a baggie!
Pasture/acre:
bush pasture $30/acre rent
improved pasture (conventional) $50
hay @3 tons/$60 ton $180
less costs (cutting, raking, baling, hauling,seeding/fert) ??? $120
Net hay $60?
If you can buy land for $1,000/acre at 3.5%, all of the above would work....or come close to it? At $2000/acre, none of the above would work.
When you get up to $3,000 or %$4,000/acre......I don't think anything will work....unless you're selling stuff in a baggie!
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