Buying a $1,000,000 Farm

I purchased a 160 Acre Farm (Only Land, no buildings)! This came up at a last-minute auction, and I was looking to purchase another Farm during 2021. It came for a price that was pretty fair (IMO), for the market environment we're in.

I wanted to break down the potential income off this Farm, from a passive investment view (even though will be farming it), and give an idea of how Iowa Farmland is valued. It will be interesting to see how this Farm performs over the next years as I think we may be potentially entering a "Perfect Storm" for Farmland to rally (just an opinion, not an expert, just a kid who enjoys following farmland markets).

To be clear, purchasing farmland is expensive, and when I talk about a "$1,000,000 Farm", a majority of it is financed through the bank. I don't want to act like it's super easy to be able to purchase land, and it took a lot of work, LUCK & risk along the way to be able to get to the point to put the downpayment on a farm even. I should of made this a bit more clear in vid.

[ChrisPBacon-yznk]

Old farmer told me once, “Son, if you farm poor land, you’ll scratch a poor man’s ass.” 😂

A few years back I was pheasant hunting on a farmer friend’s property in South Dakota. The lottery had gotten up to almost $1 billion. A lady asked the old farmer what he would do with it if he won it. The old farmer sat there a minute and said, “Well, I guess I’d just keep farming until it was all gone.” 😂😂

[mattd]

You should keep the 40 acres and build the shop/dry storage and a house in it that way you don’t take up any extra farm land that you could use.

[georgebillington]

Don’t worry about “bragging” or talking money. Only if your comfortable do it. It’s so educational and interesting

[kanefarms]

You and Cole the cornstar inspired me to become a first generation farmer

[liamalferness]

This is the best thing to see when u open ur phone

[gblonde]

Don't ever loose sight of your dreams! Your an inspiration to all young and new up and coming farmers.

[floodedtimberfarms]

My grandpa would buy farms, sell the timber, and small 1-5 acre fields would go into CRP program cause it was time consuming in the spring. CRP gives you a little extra income to help pay loans.

[trystanschroeder]

Awesome video Grant! You are such an inspiration to me! Keep the awesome videos coming! Wishing you all the best in planting season

[nickcerbarano]

I like how he is so humble about this and not bragging about how much he has or paid for probably knowing how people sometimes get mad about people doing that and great job making your dreams come true and keep doing what you love

[jetfraley]

KEEP CHASING YOUR DREAM BROTHER DONT WORRY THINK POSITVE WE GOT FAITH INTO YA BRO 😀

[jacobpantaleo]

Awesome video! Have fun tilling and planting. Remember, when planting corn it is best to put the fertilizer down through the planter. Then the fertilizer is next to the corn seed where it is needed the most. The corn would use it before the weeds do. You will get awesome results. Have fun and stay safe on the roads.

[fleminjpa]

Grant, I stumbled onto your channel this evening with this video. I’ve spent the past several hours now watching the remaining videos you posted. I got caught up in your enthusiasm, passion for farming and sincerity. I am excited to follow your progress through your first year. I notice John Deere is watching you too. Maybe they’ll offer you a demo on a combine. Wishing you the very best of luck chasing your dreams. America could use a few million young men just like you!

[CuriousEarthMan]

Nice video, thank you! I for one would love to hear the financials ongoing. Your entering the field poses a great time to look at farm economics in the U.S. as you find them there, in a sort of classic cross-section of modern American agriculture. I hope high grain prices aren't costing you too much in land prices. We love seeing Spence too, contributing to the good of the operation, being his natural productive self. This is good content and I am happy to support you guys!!

[bryanveevee]

Please do share the numbers. It would be really cool to see how well the farm did in it's "first year" of your ownership and then vice versa compare it to the second year that you own it. In more recent years I've stumbled upon the thought of finances and how important that stuff really is and seeing the results of the financials would be interesting I think. Keep up the great work and keep living the dream!

[KingMayCommunity]

Can't wait to see how this year turns out for you Grant! Things are definitely looking good now with this next patch of ground!

[aidangrant]

Love all your doing with the farm and that your bringing everyone along with you while you do it, your so cool!

[machinegunredneck]

Definitely interested to see end of the year income from your farm. Good job grant and best of luck!!!

[MatthewWolohan]

Seeing you transition into farming simulator to farming in real life is so awesome. Love both of your channels

[jrossi]

You are on the right track. I'm an old fart who purchased 3 separate tracks between 1985 and 1981. (The great farm depression...) I still own 121 acres and get about the same rent you calculated for yours. The amazing thing is after selling two homes and a corner 35 acre parcel, I'm in the remaining acreage for under $2K per. The grandkids will get a great college education out of it. Good luck.

[jackmorrison]

Let’s see the numbers! You are one of the only people who are willing to share and there are lots of us who want to start a 1st generation farm. Thank you for sharing