Partnerships are something with a life of their own. To be partners every detail needs to be addressed in detail. If 3 families are going to be involved in the operation of this farm, do all 3 families bear the same amount of the work load, do all 3 families have the same amount of capital outlay, do all 3 families own the same percentage of the whole operation,etc. If not does everyone know what their risks, investments, and responsibilities are??? It sounds like you don't have farm background. Why does it take 3 families to make a 300 acre farm work??? Are you needed for the cash??? I would be Leary buying into a partnership with someone not knowing what was mine. For instance, if this does not work out, it will more than likely be divided in a court of law. I don't want to sound all negative, but have walked this road before, and there are a lot of obstacles in partnerships. I am sure you have some savings, but if this doesn't work,more than likely you will not have a job and NO savings also.
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Today's Featured Article - Box Plow Blues - by Tom Schwarz. One of the first implements most tractor owners obtain is the box plow. For very little money, this piece of equipment promises to plow and flatten any hill or vale on your ranch road or farm. At least that's what I thought! As simple as a box plow appears, it can be rather challenging to make work correctly. In our sandy soils of Florida, traction is king. You can never have wide enough tires or heavy enough weights to get all the traction you want … unless you own a monster tractor. U
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