Posted by Moresmoke on March 09, 2017 at 14:40:22 from (216.196.78.120):
In Reply to: Trust fund farmers posted by NY 986 on March 09, 2017 at 12:29:19:
The fastest way to make a small fortune in farming is to start with a big one!
That said, I don't know of any trust fund farms in this area, but there is definately some old money out there. Some of this old money makes new money on a regular basis, some of it is slowly being drained down, and a lot of it probably disappeared in the '80s.
It is not that uncommon for outside money to be invested in farms, whether it be from someone actively earning it, or from trusts as you describe. Even if the trust just covered the real estate expenses and kept the "farm" going for the historical aspect, a tennant farmer could do quite well off the crops/livestock. One can make a profit on farming if you are not continually investing in real estate.
Here in the west, the Hutterites are at a big advantage not hving to buy the farm again every generation. The working age folk do have to support their elders, but they don't ever have to start from scratch again.
Upload one or more videos to your post. Photo filesizes should be less than 300K and Videos, less than 2MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Harvestin Hay: The Early Years (Part 2) - by Pat Browning. The summer of 1950 was the start of a new era in farming for our family. I was thirteen, and Kathy (my oldest sister) was seven. At this age, I believed tractor farming was the only way, hot stuff -- and given a chance I probably would have used the tractor, Dad's first, a 1936 Model "A" John Deere, to go bring in the cows! And I think Dad was ready for some automation too. And so it was that we acquired a good, used J. I. Case, wire tie hay baler. In addition to a person to drive th
... [Read Article]
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.
