Re: Farming, death, having the talk, and how to proceed forw

Posted by redforlife on October 27, 2022 at 23:12:34 from (174.210.162.104):

In Reply to: Farming, death, having the talk, and how to proceed forw posted by T-Nason on October 27, 2022 at 19:58:11:

Well, I'm thinking there is alot to your story that got left untold.

I'm under the impression that your grandfather farmed. Your parents are (if not retired) doing something other than farming. And you helped your grandfather out, when he was alive and still farming. Is that the case? If not, you might want to clarify some of those details.

Helping someone out, and doing it entirely on your own is two totally different things. In more ways than one. Not just the work part of it either. From what you wrote, I'm sure your wanting and capable of doing the work part. But there is also a financial part of it too. What your grandfather was doing, and what your wanting to do, is pretty different when it comes to the financial part of it.
Let's just say your grandfather owned his farm, and it was payed for (no longer financed). And if you step in and go from there, you will be paying cash rent or farming on shares (grandmother still owns property). So you will have to turn a bigger profit margin than what your grandfather was doing, to make it work. Especially if you are not farming any other ground of your own.
If your going to farm this with grandfather's equipment, then that's a whole nother aspect. Grandpa may very well of not kept his equipment updated, knowing that his days were coming to an end. It is very expensive to buy new or newer equipment if you have to do any updating.

Anyways, on top of all of that, you'd still have to convince your parents and grandma to let you do it. Let you be the renter. It might not be that they don't want you to do it. It might be that they are seeing all the things that I am throwing out there. And don't think it's feasible for you to try it.

It's tuff to get into farming this day and age. Especially from scratch and starting out with nothing. Some people just fall right into it by inheriting. Unfortunately for you, your parents are in the middle of this happening. Because they will inherit before you do. And that is, if nobody decides to sale out in the mean time.

I don't know enough of your story to give you advice. So I just throwed some things out there for ya to think about.

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