Posted by JD Seller on February 26, 2018 at 16:18:22 from (208.126.196.24):
In Reply to: Ending my marriage posted by Brown Swiss on February 26, 2018 at 11:27:52:
Brown Swiss: I know it is hard to do but your better off selling now than waiting another 10-15 years for the same out come. There just are too many strikes against you. Dairy profitability the biggest. No small dairy is making money if all costs are figured. Since you and your Mother do not get along then split the sheet now rather than later. Take the nest egg you have by selling your half of the cows and start building your own assets.
Estate planning is one area that too many farmers do a very poor job of. Many times they want to be "fair" and do not figure the sweat equality of any children that helped on the farm. So they split everything "even" and the children that helped keep the farm going get screwed. Often when the children that helped on the farm are middle aged too.
Happened here just up the road. Fellow's Dad would never sell him the farm. Like a fool he kept building the farm up. New milk parlor ten years ago, new free stall barn five years ago. He paid for both of them. His Father died last fall. He got put off the farm Jan. 1st. when the other children did a private sale to some one else. He only had one vote out of eight. The rest wanted the most cash right NOW. The whole thing is in court but he is 53 years old. If he could borrow enough to buy the other kids out he could not make the payments.
So start working towards your own property/assets not depending on some one else's idea's/dreams. Your young enough to get things working in the long term. Also never forget how you where treated either. Many times the family seems to forget what they do down the road. They may very well come back to you with their hand out for things down the road.
I bought my Grand father's place for market value. While he was alive. He wanted to "give" me a part and will the rest to other family members. I would not do it. If I pay for improvements I am not giving a share to some one else. Some of my cousins raised cane when my Grand Father died and I already owned the farm. Heck I had it paid for by then. It was 15 years after I bought it. In the original deal I would have had to give them half the value at his death. No way no how was I going live with that hanging over me.
Your better off buying/building your own assets over time the majority of the time. Not many things in life are free.
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 - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
... [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.
