I know it is a painful decision, but you need to look at it with the cold eye of a businessman. Farmland and pasture prices are at an all-time high. Yes, they could (and I think they probably will) go up some more, but there's no guarantee of that. But if you sell now, you know exactly what you're going to get. It sounds like you will get enough out of your land to ensure that you and your wife can retire comfortably. If you don't sell now, there's a distinct possibility prices could crash, leaving you and your wife in a tough spot. The time will come when you're unable to continue ranching, and you don't when that day will come. Certainty versus uncertainty.
As far as what to do after you retire, you'll sure need something to keep you busy. Sitting at home watching TV is a death sentence, but there's no reason to do that. Have you considered community service? Some folks spend their retirement traveling around the country in campers doing charitable work. One example in the US is Habitat for Humanity's "RV Care-a-Vanner" program.
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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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