Farming can be very rewarding from the personal enjoyment stand point butttt it can also become a burden real easy. If the firs is not burning as bright as it was then you maybe should think of changing gears.
One big thing your said that stuck out to be is the fact you have young children. Managing 20 rental properties and trying to farm would take the majority of your time. You kids will only be little once. I missed too much of my kids younger days. Then you talking about this other school district being a better place for your kids. Their education can only be done right ONCE!!!
So lets leave the "lifestyle" issue out of this for a moment. The rental properties will generate a better cash flow and profit over time than farming small time. There is not going to be much money in row crop farming the next few years. This is truthfully the norm. The high prices of the last 5-8 years is not the normal thing. So from the purely business stand point getting out of the farming HOBBY is a clear winner.
Now comes the hard one. Can you get enough personal satisfaction out of your other business to negate quitting farming??? This is the lifestyle part I am talking about. That is a question only your and your wife can answer.
From a business side and kids education side it is an easy decision. The real issue is are you ready for a different goal/lifestyle???
P.S. Just remember you can always farm later in life too. How many of the fellows on this very site farm a little after their kids are grown or they retire???
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 - 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]
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.
