|
Tractor Talk Discussion Board |
Re: Ideas on purchasing a farm
[ Expand ] [ View Follow Ups ] [ Post Followup ] [ Return to Forum ]
Posted by paul on December 10, 2003 at 05:58:40 from (206.10.55.32):
In Reply to: Ideas on purchasing a farm posted by JohnDeereBMan on December 09, 2003 at 21:12:01:
It sounds like you have thought this through, and should do well with it. Don't buy too much land to begin with. You are in a difficult land situation, it is very difficult competing with developers, they will out bid you, and out-zone you to get you out of an area - hay will work, hogs will not in that situation. :) But watch what happens to your hay market - horse people great, dying dairy & beef customers being bought out - bad. As to the 1031, I understand that is a good deal, but a REAL legal nightmare, you need a very good land atterny to set that all up, long before your dad signs _anything_ to sell anything. With the $$$ amounts you are dealing with, certainly a good idea, but just way, way too complicated for internet advise to mean anything to you. My understanding is the land needs to pass through an un-interested party, holding both plots, for the swap to have the most benefits/ least govt hassles. Most average lawyers with a shingle on the street will foul it up; get a good land lawyer who has done this before. You might have to spend a few bucks to flesh this out & get in writting the benefits to you & your dad, start early so your dad doesn't jump the gun on you - depending on the working climate between you & your dad. :) --->Paul
Follow Ups:
Home
| Forums
Today's Featured Article -
The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
... [Read Article]
Latest Ad:
Oliver 550 Diesel runs like a watch three point hitch pto engine gone threw about two hundred hours ago nice clean tractor
[More Ads]
Copyright © 1997-2024 Yesterday's Tractor Co.
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V. Yesterday's Tractors - Antique Tractor HeadquartersWebsite Accessibility Policy |
|
