idalivered- Meeting in Iowa and viewing my Farm Operation?/ Shaggy

[rswfarms]

Shaggy- the farm subsidies are just part of farming today and they are just another source of revenue is all. Everyone on this site probably gets Goverment/Taxpayer money, so there is no reason not to mention them and they should be addressed for proper accounting in your records. Like with Farawayguy, he was not aware that both the Direct Subsidy and the crop insurance Subsidy adds up to $68/acre or a rough 35 cents per bushel of corn.

Anyway, yes the 160 acre farm is a settlement for my wife's family Estate Planning. Between my wife and myself we got a total of only 400 acres from our families. The other 1,700+ acres that we own was mostly bought right after the Farm Crisis in the 1986 to 1989 time period when you could pick up 80+ CSR Dirt for anywhere from $850 to $1,200/acre.. I took out loans from Farm Credit for $2 Million Dollars to purchase all 1.700+ acres. However, I also bought another 1/2 section of land in 1999 for $712.000 and borrowed the full $712,000 from a Iowa Private Bank. I didn;t even put a downpayment on this 320 acres since the bank knew my situation. The $712,000 was on a 10 year bank loan term so that is paid-off now. Also, if it wasn't for the 1981 to 1986 Farm Crisis that dropped Iowa farmland down to the $850 to $1,200/acre range, I probably would not have bought all that farmland. For guys like me the Farm Crisis allowed me to get into farming in a big way. And without the Farm Crisis, I would probably still be working for that big Metals Company in Kansas City sitting in that God **bleep** little office cube without even a window to check the weather. A helluva away to go though life being a wage-slave. Yes, if it wasn't for the Farm Crisis my life would have been alot different, I just got lucky is all, somehow . But as mentioned, you could get high=quality Iowa farmland for $1.000/acre and cash rent it out for anywhere fom $120 to $140/acre which was an ROI Ratio of a rough 12 to 14%. Tack on the rough 7 to 9% average appreciation rate per year for Iowa farmland for the 1986 to 2012 time period, your looking at a rough  20 to 22% Ratio..That's a ratio that beats the stock market during the same 1986 to 2012 time period. But again, if you would have bought Iowa farmland in 1981 when it peaked in value before the Farm Crisis you really would have been screwed. As with almost all investments your timing of when to jump in makes a huge, hurge. difference. I just got lucky on the timing of my farmland purchasing is all.Let me tell you, that Farm Crisis cleaned out Iowa;s farm economy of all the farmers that bought too much land and paid to high of a price, so there cash flow couldn't handle the mortgage payments.

[buckfarmer]

I think I'll start another post on this subject but I have given up what direct payments I had. None of the ground I own has any kind of payment and only half of my rental farms have a direct payment.

[Shaggy98]

You are completely missing the point, but why am I not surprised.  You don't see anything wrong with the way you brag about the "Free Money" we are all getting?

Why bring your life history and/or the "Farm Crisis" back into the discussion, what does this have to do with anything in this discussion?

This is why you get very little reply without criticism on nearly everyone of your comments.

[old man]

Are you using the 'JackieO" trust whih was explained is the St Louis Post today. The Waltons are

[farawayguy]

To come to rsw's defense, he has been criticized for providing too much info, and occasionally too little. And I see his over explaining his situation as a response to the charges of faking things. Notice that he frequently mentions exactly how the finances all worked out to account for where he's gotten in the farm business, including his continually comments about how lucky it all has been. And putting facts out there about his 640 unplanted acres is not the most flattering info for his operation. Yes, he follows it up with his government payments and maybe it comes across like gloating, but I bet I'm not alone in finding this level of detail really informative.

[Shaggy98]

Stick around Faraway, you'll understand shortly. I'll leave it at that.

[farmerguy89]

People attack people who only care about themselves. We naturally punish those that can't blend in.

When rsw writes something, he is usually hijacking the thread and going completely off topic. It's jarringingly irritating to people. His writing is all condensed to one paragraph, because he is not considering how straining it is to reAd his writing. Because he writes the same thing every time, people get bored Nd irritated.

There is no breathing when you read the guy's work. Most of the time he's tryin to make himself the new topic when he posts.

[jrjfarms]

I don't have a dog in this fight, but been reading where rsw has been called a fraud, liar along with other things.Maybe you can put this to rest at end of the week. I know what I would do if someone called me a liar and fraud. Rsw has been acoused of so much bs by some notiable people on this sight.

Rsw does put out some good information on this sight, many times to many repeats, and a few landlords and future landlords read this sight. Look what the average Illinois  cash rent is, Iowa about the same. Cash rent from below 200 to 260 catches quit a bit of it. quit a bit of money made from cash rent.  I bought land in 80's, 90's, and 2000's and timing is important.

Now for roi for rsw.. I read on here where one poster wanted to bet a million, on yields, I think I could be wrong. So maybe you could bet a million or an 80 for an 80 if not that I am sure they would put a hundred grand up knowing they know more about you than you do. Or a measley 10,000 from all the notiable people on here that thinks you are full of bs. What a RIO for someone in a few days time.

I am pretty sure idelivered is an up standing person and could verify it.

Oh by the way I notice you catch the devil for inheriteing farm land. I also read, where those accousing you, where grampa or dad, when talking about dads or grampas tractor, farm, homeplace, house, or they use to feed cattle, The ones accousing you of a little help, I am sure they will not leave their kids anything when the time comes.

I know people who inherited farms and lost it and I also know of people who built on the foundation they inherited. Also know people who started with nothing and have done very well.

faraway asked a question about custom farming and had some good response and some not so good. If you want to keep your farm in tip top shape along with productivity you will want the top farmers in the area and may have to pay a primium for the job.

[Shaggy98]

I've never had an issue with Fairy Tale being a businessman. If he's done even 1/2 of what he has told us about a million times, he has done well. His constant preaching of the 1980's "Farm Crisis" is monotone and I don't believe anyone wants to hear about it again, but I'm sure we'll hear it in nearly every single one of his comments in some fashion. His consistent jaw flapping about robbing the tax payers of every dime he can get and then brag about banking $800+/acre gives everyone in production agriculture a bad name. He has never done any of his own work to my knowledge so naturally he wouldn't see the image he is portraying. IMO, what he is saying is a disrespect to the entire agriculture community and a slap in the face to the tax payer. If he wants us to respect him as a "Farmer" and as a contributor to this site, he is going to need to meet us at least half way. I'm not the only one who feels this way, but I'm probably the only one who posts my thoughts. There are many more contributors that were familiar with him from a different site (from which Fairy Tale was banned) and nearly 100% of them have nothing good to say about him. If he wants us to respect him the way he feels he is justified, he will need to change his approach and change it quickly. I have already heard his life history several times, don't need to hear it anymore. Just for the record, we have lost a few very valuable contributors because of him, if this site wants to maintain its integrity, it cannot lose any more.

[Shaggy98]

And another thing, if it is proven that he is the land baron and business man that he preaches, I'll be the first to attempt to bury the hatchet and eat some crow, but before that will ever happen, he is going to need to change his delivery to this site. After all, I've got a little integrity myself.