House on Blocks

[roly]

posted Mar 16, 2006 4:52
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Hello Agra-friends, The farm is in between Yorkton & Saskatoon and I am moving there at the end of May, if the sale is straight forward. I will probably be too late for spring seeding this year, but I can't get there any earlier as I have commitments to finish in the UK. I've got to work out whats the best thing to do about a house. I may just bite the bullitt and borrow a little bit and put a ready to move house on. I think the farm should be able to sustain a small mortgage. I would appreciate your comments, my situation will be 1000 acre farm, half bush/pasture, half cultivated. 100 cows, 50 ewes, second hand machinery (enough to run the farm) without any borrowing. I would have thought a small mortgage for a house - the farm should be able to handle this. I really appreciate the help that the people on Agri-Ville have given me, and I hope I can carry on asking for your help.

Thank you,

Roland.

[roly]

roly, you are more than welcome and we all are ready and willing to give you any advice we can.

The income you make on the farm will depend on two things:

Weather and commodity prices. I don't know what crops you plan on growing but I would sure get advice from some of the experienced Sask. grain farmers on this site.
100 cows will provide a decent living if you have very little debt. I know that debt is scary but a mortgage on your home isn't a luxury, specially if you are going to be debt free with the rest of the operation.

I don't know if you are considering taking on some off farm employment or if you have a spouse that is able to do so. If so, you may be able to bring in some additional income that will help with utility bills, etc.

Good luck and don't be shy about asking advice....we aren't always right but most of us have learned by our own mistakes.

[cowman]

And I suspect emerald just might give you advice whether you need it or not! Don't worry she'll have you whipped into fine shape in no time and have you a true blue Tory before you know it! Just don't say anything about the "manure police" or rural subdivisions and you'll probably be okay! LOL

[cowman]

cowman, you are in a fiesty mood this morning.

I am heading out to Edmonton, no time to do battle with you now, but don't worry, I'll be back in fighting trim before the day is over !!!