I bought my first "farm"---recreational acreage actually---when I was 28 and have lived on "acreage" ever since except for 3 year stint back in Springfield, MO. We also have a few hundred acres of investment properties scattered about though I've sold a few recently.
Our first "farm" was 160 acres just north of Branson, MO w/ a 2000 sf house. I now live on 160 acres about 25 minutes west of Cape Girardeau, MO w/ a 3500 sf house. In both cases the house is nearly centered in the acreage and they could build a city around me and I'd never know it (and they did build one next to the farm we owned near Branson. it's now the incorporated town of Saddlebrooke).
Missouri's nice because taxes are low...but you get what you pay for, roads in some (most?) of Missouri's rural areas are crap because of it.
My take:
I love living in BFE. I love working outside. When I was a young ladder climbing professional in corporate america, my "farm" was my respite. A day of cutting wood, bush hogging on the tractor or grading the 3/4 mile drive with the ancient (pony motor starter) motor grader was great stress relief. A day of floating or wade fishing the stream that flowed through it (and was brimming with trout) even better. A day of spelunking in the cave we had, the best.
But...
As others have said, it takes a fair amount of equipment to keep a place maintiained, especially if it's a mix of woods and pasture land/hayfields, like many are across southern Missouri. I have at least $75,000 sitting out in the barn...maybe $100,000. Much of it bought new because I like working
with my equipment far more than I like working
on my equipment.
However...
Now that I'm a tad older (55), the work isn't nearly as much fun as it used to be. I also can't do it all day long like I used to. I can cut and split wood with the best of them but I can't do it for 8 to 10 hours a day and think nothing of it like I could when I was 35. Now, 5 or 6 is my max. Like the country song says "I ain't as good as I once was, but I'm as good once as I ever was!" ;-)
So, these days, honestly, other scenarios have started to look good. For example a house or condo within walking distance of Forest Park has a LOT of allure to me. Forest Park, for those not familiar, is a 1700 acre park in West Central St. Louis and includes attractions such as the zoo, art museum, planetarium-science center, ice skating rink, muni opera, TWO golf courses, lakes, streams and miles of hiking and biking trails.
Living withing walking distance of all that (especially if I'm not working and can use is when everyone else is) sure holds a lot more allure for me these days than being in the middle of my own 160 acres. Someone else maintains it, I just get to enjoy it.
With that said, our place is getting ready to go on the market. So, if you want 160 acres with a
really nice 3,500 sf house only 10 minutes from town and only 25 minutes from the shopping area of a larger town (i.e. Lowes, Menards, Sams, Target, Academy Sports, Sears, Wal-Mart, Staples etc.) and only 1.5 hours from St. Louis then let me know, I CAN HOOK YOU RIGHT UP for just a bit over 1/2 mil. I even have a barn full of equipment that I can make you a deal on.
There's also two fields that an 1800 to 2000 foot runway could be built in for an aircraft with relatively good stol performance.
Your dream come true in SW MO!