Posted by Geo-TH,In on March 24, 2021 at 15:58:30 from (50.102.8.122):
In Reply to: Coming to a Cross Road posted by Bruce from Can. on March 24, 2021 at 07:03:08:
Bruce, I'm 72, retired 17 years. I have made a trust for my son and daughter. My estate is debt free. I can't imagine borrowing $1.5M. We will all die someday and the last thing I want to do is leave my kids a large debt. The bank would own my estate, not my kids.
You may want to figure out how to give your kids the dairy, they go in debt, and they can hire you to run the dairy.
Or talk to a lawyer for the best advice on how to pass the farm to your kids. Perhaps get life insurance to pay for the debt if you don't live to 80.
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Today's Featured Article - Harvestin Corn in Southern Wisconsin: The Early Years - by Pat Browning. In this area of Wisconsin, most crops are raised to support livestock production or dairy herds in various forms. Corn products were harvested for grain, and for ensilage (we always just called it 'silage'). Silo Filling Time On dairy farms back in the 30's and into the first half of the 40's, making of corn silage was done with horses pulling a corn binder producing tied bundles of fresh, sweet-smelling corn plants, nice green leaves with ear; the
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