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Re: Buying our first farm update.


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Posted by Frank 41 on April 08, 2013 at 19:10:31 from (192.183.75.181):

In Reply to: Buying our first farm update. posted by JohnDeereJimOhio on April 08, 2013 at 05:25:08:

My BIL always said you can pick your nose and butt but you can't pick your relates. I farmed for a cousin that was a generation older. The land was right next to me. Got along good, he died and got along the same with his wife. The wife dies and has a trust. I farmed this land for 30 years, no problems. They had 3 kids, 2 girls and 1 son. All about my age. Youngest dau died leaving 3 kids. Son approaches me to buy the ground with crop for $8K. I said yes, then later that day it was going to auction, no counter offer. His older sister wanted bigger bucks and his good friend was a banker in with an auctioneer was advising him. I have had previous dealing with the banker and would not trust him in an empty meat house!! The auctioneer charged 2% to seller and buyer. The land went for $9500 plu the 2% to Jimmy John sandwich guy that traded this GOOD BLACK for hunting ground along a river, acre for acre. I told the son later I would have given that price to them private. Well he ended up with a half million plus his Merck pension.

Another story about having a rich uncle but now having a rich brother is another story that is too long. I guess I just the BLACK SHEEP OF THE FAMILY!!

Sounds like you better be prepared for about anything and watch your backside. Hope it will eventually will work out for you and the best of luck.


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