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  • Buying the farm......

    ....today! Finally!

    We're about to go close on purchase of a ~30-acre Wisconsin farmhouse property. A stone and log house built in 1860, with a 40x60 polebarn for shop/rehearsal space and a stocked pond. About half of the land is farmed (corn this year), and there are a number of smaller outbuildings, like a stone smokehouse (could still be functional).

    It will be a year or two before we have the house updated and expanded to suit our tastes, but it's all about the land.

    "The historical experience of socialist countries has sadly demonstrated that collectivism does not do away with alienation but rather increases it, adding to it a lack of basic necessities and economic inefficiency." ------------------ Pope John Paul II

  • #2
    happy new farm day !

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    • #3
      So....the House Concerts begin when?

      Congratulations on the purchase! Are you going to farm the land, lease it, livestock it or just hold on to it?
      ---------------------------------------------------------------------------------
      Originally Posted by MattACaster : *Runs 2 blocks down the street to Guitar Center, grabs detuned Schecter off the wall, plugs into Line6 Spider and proceeds to bring teh brootalz*

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      • #4

        Congratulations, stein!
        hey, you know the drill-
        pics, or it didn't happen
        To you I'm an atheist; but to God, I'm the Loyal Opposition.

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        • #5
          Originally posted by flemtone View Post
          So....the House Concerts begin when?

          Congratulations on the purchase! Are you going to farm the land, lease it, livestock it or just hold on to it?
          Well, the mortgage company is forcing us to say today that we have no plan to operate it as a farm. Much of it, though, has been leased long-term to a farm operator who has planted it every year. We'll deal with it next spring, and may re-finance if the bank becomes problematic.
          Last edited by SteinbergerHack; 10-27-2017, 07:07 AM.
          "The historical experience of socialist countries has sadly demonstrated that collectivism does not do away with alienation but rather increases it, adding to it a lack of basic necessities and economic inefficiency." ------------------ Pope John Paul II

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          • #6
            Yes but have you kicked the bucket?

            Zip
            665 - Neighbor of the Beast

            Originally Posted by RobRoy: I believe that the only way Obama will remain in power is if he suspends elections. And at that point he is no longer president. He is dictator. But I don't believe he will even survive that long. It could be suicide, impeachment by BOTH parties, you name it.

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            • #7
              Nice, that is good size piece of God's green earth, I miss my farm, it was a lot of work, but healthy work. From what I have heard that land up there is really rich and full of nutrients. Congratulations.
              Last edited by TrumpIsGreat; 10-27-2017, 07:39 AM.

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              • #8
                That's sooo cool - congratulations!

                We're currently on a half acre. I much prefer having at least some land and space, as opposed to living in a condo in the city or something... although 30 acres is a bit more than I'd want to deal with - unless it was forested. That might be cool.

                I hope you have many years of happiness and enjoyment in your new place!
                **********

                "Look at it this way: think of how stupid the average person is, and then realize half of 'em are stupider than that."

                - George Carlin

                "It shouldn't be expected that people are necessarily doing what they appear to be doing on records."

                - Sir George Martin, All You Need Is Ears

                "The music business will be revitalized by musicians, not the labels or Live Nation. When the musicians decide to put music first, instead of money, the public will flock to the fruits and the scene will be healthy again."

                - Bob Lefsetz, The Lefsetz Letter

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                • #9
                  My brother did the same thing 2 years ago. He is still working on the house.

                  My advice - set aside twice as much money as you think you'll need for home improvements. You never know what you'll find when you crack open a wall on an old farm house.

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                  • #10
                    My wife, sister and brother in law just sold 530 acres. Everybody just got too damn old. Crazy, and I do mean crazy, what people are willing to pay for land with proximity to Austin.

                    ​Good luck and I hope it works for you and wife.
                    ~~I was not. I was. I am not. I do not care

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                    • #11
                      Ah .... getting up every morning to mow the grits and slop the chickens.

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                      • fretmess
                        fretmess commented
                        Editing a comment
                        Sounds like you been there.

                    • #12
                      Originally posted by SteinbergerHack View Post

                      Well, the mortgage company is forcing us to say today that we have no plan to operate it as a farm. Much of it, though, has been leased long-term to a farm operator who has planted it every year. We'll deal with it next spring, and may re-finance if the bank becomes problematic.
                      It’s a different set of mortgage rules for income-producing properties. Although 30 acres doesn’t produce a whole lot of income. If you can leave it fallow for a year, you should be ok to start up again.

                      Congrats on the purchase. Sounds like a fun project! Or a money pit. . Best of luck!
                      Last edited by guido61; 10-27-2017, 09:05 AM.
                      ______________

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                      • #13
                        Originally posted by fretmess View Post
                        My wife, sister and brother in law just sold 530 acres. Everybody just got too damn old. Crazy, and I do mean crazy, what people are willing to pay for land with proximity to Austin.

                        ​Good luck and I hope it works for you and wife.

                        Yes. I live in Austin, and I get it. My small house, in a desireable part of town, has become a great investment. But the tax burden is great as well.

                        Hack, I know very little about Wisconsin - had a good friend in Cumberland (I guess east, east-central?) - visited a couple times, gorgeous country, but my old knees really don't like the cold. What area of WI will y'all be?

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                        • #14
                          Congrats man, enjoy it.

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                          • #15
                            Originally posted by wasgtrjones View Post


                            Yes. I live in Austin, and I get it. My small house, in a desireable part of town, has become a great investment. But the tax burden is great as well.
                            ​And about to get bigger in Austin. Wait till Amazon moves in. I'll stick with the old axiom that a house is a roof over your head and an indoor bathroom (if you're lucky) and not an investment.
                            ~~I was not. I was. I am not. I do not care

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