Re: Need Advice

Posted by paul on January 05, 2005 at 21:58:46 from (66.60.197.154):

In Reply to: Need Advice posted by 8nNewbie on January 05, 2005 at 16:00:08:

You need to make that investment pay, not cost you. Time is wasting. You will _not_ get to it all next year either. Your tractors will not do it anyhow.

start renting it out. Tillable land has value to people, rent it out.

Can hay be made on the pasture, or is it rough country? Can it or the woods be rented for hunting? Can it be logged? Is the pasture well fenced, anyone want to rent it from you for $20 an acre?

Get people in to help you with this, it's nice to want to do it all, but you need to generate income from that much land.

You have 3 months, start making some phone calls....

These folks will get things in shape for you. Perhaps you want to take over haying, _or_ take over livestock, _or_....

Little steps at a time. Not everything.

You should have no trouble at all generating more than your taxes on this, and not have to do anything yourself. With that wonderful mix, you will be getting checks from several people, so at least they won't all stiff you.

Get on the phone.

Watch what happens, learn, and if you really want to do something, take over one item the following year.

--->Paul

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