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Re: Education or working opinions.


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Posted by sws55 on February 03, 2011 at 16:54:48 from (173.29.40.52):

In Reply to: Education or working opinions. posted by Erik Ks Farmer on February 03, 2011 at 10:32:44:

Eric,

Go to the interview and make your decision after that. Learn what you can about the job and think about how it will compliment and conflict with your farming. You can turn still turn down the job if they make you an offer. Keep in mind that an employer will consider your job with his company your top and only priority. To him your farm will be "just another hobby" like fishing or hunting.

Is the job part-time or just for the off-season, like school, or is it full time year-round that it could conflict with farming.

Be very realistic about budgeting your time, and know for yourself when you need to be at your farm farming.

Is there enough time to do get everything done on the farm if you work from 11pm to 7:30am, get home at 8am after mom and the kids have left for work daycare and school, eat and wind down for an hour, get to bed at 9 am, sleep for only six hours, get up at 3pm, feed yourself and the kids when they get home from school or you get them home from daycare, farm from 5:30 to 10 pm after mom gets home from work, then go back to the house to cleanup eat and head off to work again? From November thru March that would probably work OK, April through October with 900 acres to farm could be rough.

Reading between the lines it sounds like you are very ambitious, but you maybe stretching yourself very thin to accomplish everything you've started (no offence intended). You have to know your household's priorities and do what supports that. You didn't mention your wife's situation and abilities. Is she working off-farm and already bringing home good pay and medical benefits for the family. Will she be able to go back to a good paying job after your kids are all in school, or will you need to keep your off-farm job for the benefits?

Have you already purchased the extra farmland and need to meet cash payments now or are you still in the planning stage? Commodity prices are very high now. Farmland has been relatively expensive for a a long time and it is still rising to way more than it can cash-flow out at normal prices ($3.00 corn, $5.00 beans). It may be more reasonable to buy land five to ten years from now. In the last big recession good farmland lost 75% of its value from the exuberant late 70's to the lows in the mid 80's. Your extension service should have annual records of land prices and commodity prices in your county.

If you're over halfway to completing your degree (and you're not flunking out) then just finish it. Take electives that fit your needs and interests (accounting, finance) or change your major and get "a degree" in something you're to you're interested in (business, farm management, etc.). A degree of any absolutly kind will make it easier for you to get off farm work at better pay throughout the rest of your life.

It's very hard to go back to school after you quit, most people find they can't go back even if they want to. TonyIN mentioned below that schools don't accept credits after they are a ten years old. Check into that with your school, it used to be courses were only accepted for just five to seven years after the class was completed. If you've been going to school part time the early classes are already a few years old. If you are a good student and you inform your proffessors about your situation at the beginning they are often very flexible to help you stay in their class.

Good luck whatever you decide, you'll do fine.


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