Re: Farming, death, having the talk, and how to proceed forw

Posted by Bruce from Can. on October 28, 2022 at 03:46:16 from (70.51.53.14):

In Reply to: Farming, death, having the talk, and how to proceed forw posted by T-Nason on October 27, 2022 at 19:58:11:

I was the youngest of 5 kids, and wanted to farm. My folks didnt want any of us kids to farm, because its a hard way to make a dollar. Dad was the only son, of a oldest son, while my grandfather had to buy out one brothers half, my dad got it all in inheritance. And dad made it clear it was his, not ours and he would do with the farm as he saw fit. He eventually sold one piece to one of my brothers, and when dad passed his will stated the farm was to be sold and money diverted equally among the 5 of us, very fair. I started renting the neighbours farm next door and milking cows when I was 20, Dad was still running some beef cows at his place. I rented several other smaller farms after eventually buying the farm next door to my Dad. My Dad told me when he was 68, that he was going to quit farming and if I wanted I could rent his place, and I did. Knowing full well that I could never buy the old home place, I started looking for a bigger and better farm to move to, and I did just that, when I was 43. Is continued renting dads place, even though I moved 25 miles away. After mom and dad had both passed and the farm sold, the new owner wanted me to continue on renting so I have. The farm was in the family for 103 years, and I have been the tenant farmer now for the past 36 years.
My point in telling you this is, its only real estate, just dirt. What happened there before with family living there for many generations wont put groceries on the table, or shoes on your kids feet. If you want to farm , and your family has different ideas about how to manage your Grandpas farm, go rent some other farm, and prove yourself. Who knows, maybe your mom and dad are looking at the old farm as a pile of cash to fund their retirement, and thats their right, if they in fact dont spend it all looking after Grandma. There is only ever so much value that can be rung out of a farm, maybe Grandma needs top value cash rent just to continue on living.

Replies:

• Re: Farming, death, having the talk, and how to proceed forw NY 986 05:26:45 10/28/22 (1)
  • Re: Farming, death, having the talk, and how to proceed forw Bruce from Can. 08:24:03 10/28/22 (0)

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