OUR FARM WAS FREE
Creative idea for getting a '«free' farm. Buying land, dividing it and keeping the part you want.
"The days of the free homestead aren't over," says Morenci,
Michigan's Del Gasche. "There really is 'free' acreage out
there all over the continent just waiting for you to claim
it as your own . . . if you know how to go about it."
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GRANDMA'S BISCUITS December/January 1999 GRANDMA'S BISCUITS Baking for the holidays A more common t...
My wife, Fran, and I own 36.5 acres of land plus farm
buildings. The property contains a spring-fed, year-round
creek . . . 10 acres of bottomland surrounded by 15 acres
of woods . . . and pastures, sandy hills, and fencerows.
It's a small farm filled with secret places that we share
with hawks, owls, deer, and muskrats. And, best of all, the
place didn't really cost us anything. We, in effect, got it
for free.
HOW WE DID IT
We actually started toward our present, pleasant
"landholder for free" status a few seasons back. That was
when we purchased 120 acres with $20,000 down and a land
contract for the remaining $34,000, payable at $1,000 a
year on the principal and 5% interest on the balance.
What? You say you don't have $20,000? Well, we didn't
either until we'd saved for several years. And the amount
is academic, anyway: We could have purchased our original
120 acres with a far smaller down payment than the one we
made. Nothing, in short, would have changed except the
actual dollar figures involved. The principle — the
"secret" of winding up with a farm for free — would
have remained the same.
And part of that secret was the fact that we didn't really
want 83.5 of those 120 acres in the first place. We didn't
want the 83.5 acres of "good" field-crop land that all the
local farmers wanted. No. What we were after was the 36.5
acres of "worthless" creek bottom, buildings, woods, etc.
that we knew would make an ideal MOTHER-type homestead.
This, of course, gave us a tremendous advantage in any land
deal we undertook. Everyone else looked at the whole 120
acres and tried to balance the cost of "improving" the
rough 36.5 acres against the profit he or she could make
farming those other 83.5 acres of field crops. And then the
other potential purchasers would mentally calculate how
long they'd have to farm the whole 120 acres to make enough
money to be able to buy yet another piece of property and
expand their holdings even further.
We, on the other hand, had no intention of "improving" that
rough 36.5-acre tract at all. We liked it just the way it
was. Furthermore, we figured that 36.5 acres was a plenty
big enough "place in the country" for us. We had no desire
to parlay it into "bigger and more efficient" landholdings
of any kind. As a matter of fact, we didn't even want to
farm the "good" 83.5 acres that went with it.
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