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Re: Next door neighbor selling out


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Posted by 2002sliverado on April 12, 2018 at 06:20:21 from (216.16.75.34):

In Reply to: Next door neighbor selling out posted by Brown Swiss on April 11, 2018 at 20:32:28:

As others noted, there could be numerous explanations as to what is going on there. I remember doing business with a man, who was about my father's age. He was a high roller BTO. The scary part of doing business with him, was his rather shady tactics, and he was extremely shrewd. Back in the 1980's farm crisis, he managed to create several entities in which he was able to shift the ownership of his land over to, in order to preserve it, while going through bankruptcy. He was a rather aggressive empire builder. I know there were some agricultural businesses he worked with who were taken for a ride, along with financial institutions. He managed to build quite an empire, but what was the cost to build it? How many others took it in the shorts? What was his local reputation afterwards? What impacts did these dealing have upon his physical health?

Other situations I know of. Existing farms with sons who are/were actively farming. Siblings saw the DOLLARS. Want to cash out while the getting seems rather good right now. Parents maybe didn't save very well for retirement and selling the farm is their way to live a more comfortable retirement. Those I know in dairy, well, it seems as though it is either feast or famine, and being "married" to those cows is more commitment than it is worth. Some people have been told by their bankers to either get bigger or get out. Some people in family partnerships get squeezed out by a sibling or spouse of as sibling. Family struggles and the dynamics that can go with it.

I know I have had my own struggles in my attempts to get into farming. My father was not aggressive in his expansion attempts, and got rather cautious about borrowing money. He found it easier and less stressful to obtain seasonal off farm income, versus getting deeper and bigger into livestock. I had it pounded into my head that farming had no future for years. I kept coming back in whatever way that I could to help out. When my dad turned 65, he finally conceded and realized my love for the farm, and rented it to me. I still have my off farm job, which is a good paying job, so I can at least invest most of what the farm produces back into it. It isn't what I had envisioned doing as a kid, but I guess I have to have faith in that I am doing what was meant to be. I am where I was meant to be. And full time farming was never meant to be. In the end, I am fairly satisfied, and I hope that I can possibly do some things as far as expanding the farming operation, ultimately retire sometime between 55 and 60 when I have my mortgage paid off, and my kids through college, to go back and do what I had always wanted to do, when the financial needs for me and my family are less than they are today.


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