Man, it's not easy keeping up with all of the posts. I love it though. I'll try to respond to all of the main topics...
God willing, this land will be mine for the rest of my life. I want to build a home and a farm there, and I would only part with some of it if my brother ever wants to build a house there. I know it's a very long term project with a lot of hard work to clear the land and build/operate a farm, but I've got to have something to keep me off the streets, right?
I understand business pretty well and I was never under the impression that any tractor was 100% Made in America (or anywhere close to it). It's how companies compete and survive. I only meant that John Deere is an iconic American company. A green JD has always been a part of my farming dream. I'm sure Kubotas are great and maybe they are final assembled here, but there's never going to be a country song about Kubota. I do appreciate the advice to shop around and I think people with this sort of attitude about cars and trucks are odd, but I don't plan on changing my mind.
I think hoping for the best and planning for the worst is a good strategy so I'm hoping to one day (well into the future) make some extra money from the farm, but I plan on never making a dime. I don't need to make any money either. I have an almost brand new truck and no real debt to speak of. I can easily make the payments on the land and a tractor (at 0%, why pay cash?). I did say I'm not rich, but that was in context of having paid <$1500/acre for the land and being presented with the prospect of paying more per acre to have the stumps removed. I don't have that kind of money on hand and it would seem unwise to pay it even if I did.
The land was just surveyed and marked very well by the sellers. There's a modern well and electricity running to the property. There are several buildings, but all except a couple of sheds are more hazard than anything and will need to be destroyed. There is an area for a small pond, but the stream (the one that splits the property in half) feeding it was diverted years ago so it's dry right now. It will be easy to divert the stream back to fill the pond.
I'm very thankful for the advice you guys have about the farming. Cows are years off and even when I start I will definitely do it slowly. I know several farmers around here that raise cattle and poultry so I will have some mentors. I'm also planning to work some weekends on their farms this year and maybe the next as well just to get my head wrapped around daily tasks. It should also help me figure out how I'd like to split out my land.
Going back to the original topic, I've done a little more reading and it seems to me that a Miller PRO 75T stump grinder is really the kind of machine I need. There don't seem to be too many people online with reviews, but the ones that are around speak very highly of it. I know it's not going to allow me to clear it all in a day or anything, but over the long haul it looks like a machine that should last through the task I have. Anyone have experience with it? The 5075E is about in the middle of the specified HP range so that part should be fine.