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I started farming after getting two college degrees, serving a stint in the military, and teaching for five years. Because of that, I was older than most of my contemporaries. I also had a wide range of experiences and two children. I started with a little money I saved up while teaching, but not much else.
My parents owned a quarter section of land. Sharon's parents owned 80 acres. Our crop base was less than 240 acres rented from family members. I bought Dad's machinery for $1,200, market value at that time. I paid him with a note, of course.
My second year, I was fortunate to rent 310 acres and additional machinery from a neighbor who discontinued active farming. He didn't sell his machinery because much of it was homemade with little sale value. The four years using his equipment were difficult with frequent breakdowns. However, it gave me additional land and allowed me to build equity. And, I generated enough cash flow to put food on the table.
Because I needed cash, I took any extra work I could get. The first year I did some substitute teaching. I quickly discovered that the small amount of pay did not offset the lost time away from the farm. I took on a grain bin dealership in 1972. The income was better, and I could adjust the workload to suit my farming operation.
At first, I kept separate the income from the farm, the bin business, and Sharon's substitute teaching wages. As I compared my situation to my start-up colleagues, I observed that everyone had some source of income other than the farm. I quickly understood that I didn't need to apologize for using outside income to build the business. The economy (then and now) makes it unrealistic to start from scratch and be successful without it.
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