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Re: who's gonna take over the farm???


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Posted by JDseller on February 12, 2011 at 16:45:01 from (208.126.196.144):

In Reply to: who's gonna take over the farm??? posted by dave2 on February 10, 2011 at 15:28:19:

I have three sons and a daughter. The oldest son is an investment manager. The second has a good job at JD factory, engineer. The youngest son is working part time and does most of the day to day hard labor on the farms. The daughter lives in St. Louis she has no interest in the farm. We have covered her interest with life insurance. The sons work together very well. The oldest does the books and buys all of the imputs, the middle son likes to keep everything working and the youngest is the official grunt (his words)he loves the livestock.

So far it is working well. The daughters-in-law have been supportive too. They all are farm girls. My wife and I have given them all a parcel of ground that they have their homes on. They all know that there is not enough income for three families to make a living. It helps that there are twenty seven years between the oldest and the youngest(two wives). The older two will be retiring when the younger one hits his prime. That is their plan: the older two to retire with off farm retirements and farm/play. The youngest to be able to buy them out as they age. They have worked out the details. I not that smart. LOL


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