At age 35 the son should be ready for the role of manager unless he has willfully ignored such opportunities or has been excluded from them. Lets pump the brakes on buying dad out. That may or may not be a possibility depending on the family and its financial structure. Only Bruce and his son know if this is possible based on each's expectations. Your opinion most likely is well intentioned but many out there would throw out such advice as they are jealous of others that have what they do not. One of the most successful younger farmers in my community had his father gift nearly all of the farm over to spare the son a ruinous debt situation. Don't let speculative coffee shop talk take the place of hard mathematics in trying to sort that out. All that aside dad should be communicating his intentions of wanting a buyout very early on in a father son business so the son can figure out what needs to be done versus being blind sided as a middle aged man.
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Today's Featured Article - On the Road with Dave Gohl: Tractor Club Beginnings - by Dave Gohl. I was surprised about a month ago when I got a call from a fellow tractor croonie. His message was interesting and to the point. He's says "Dave, I've been thinking about starting a Two Cylinder club for our area. What do ya think?" It was a loaded question. I said that I would be interested, and was wondering what his next step was. (Although I was talking under my breath, since I thought of this some years ago) My friend, Arlyn Lamb of Lakeville, Minnesota was sincere in his miss
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