Posted by Paul on March 09, 2017 at 15:14:45 from (76.77.197.114):
In Reply to: Trust fund farmers posted by NY 986 on March 09, 2017 at 12:29:19:
Really never heard of such a thing? I guess in 'rumor and envy' conversations, but not for real, must have been a couple but certainly not anything common?
A rail road trust just ended a few years ago, Hill from Minnesota set up a trust that lasted about 100 years, kept some operations running for all that time after his death.
Certainly not a common thing in ag in my back yard, anyhow.
Best operators seem to be those that get into ag when it is tough going, and can grow a bit into the good times, but have learned to manage well enough in hard times to understand what management is all about.
I would expect a trust fund would get eaten up very quickly in ag these days, if the heirs actually used it instead of good management.
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