The Time Has Come

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Re: The Time Has Come

Post by T-Wacker » Tue Jul 09, 2019 2:59 pm

Nesikep wrote:
Tue Jul 09, 2019 2:45 pm
T-Wacker wrote:
Tue Jul 09, 2019 12:10 pm
I not only feel your pain, but probably hurt more. My 85 year old mother has decided to ignore my fathers dying wishes and sell off the entire 525+ acre farm that I have been either living on or managing since I was 4 years old. Decided she wants to buy a big house in the NWA area and have basically a maid take care of everything. Both my brother and I have been told since we were little that the farm would be ours, regardless if we worked it or not. Well, I decided to stay close to home and run the operation while holding down a full time job. As an engineer, I could have gone several places and made far more money, but decided I wanted to operate a farm when I retired. My brother left the state years ago with a dream to maybe come home and join me when he retires (he's 4 yrs older). Needless to say, I don't have much free time because I run about 250 head (115 cows calved or calving now, and 50 replacement heifers due this fall or next spring) on the 525 acres plus another 200 acres leased land. Now having to painfully see the farm on multiple websites (priced way too low for a quick sell) and waiting for the shoe will drop and everything I have worked for vanish as soon as someone makes an offer, is excruciating. Trying to unload that many cattle will not be easy, as the leased land doesn't have any facilities to catch or load. Unfortunately as well, the only access I have to the leased land is through the current farm on a right-of-way road, so driving through that will be very difficult as well. I told my wife there is no way I can be this close to something I have been on or near for 50 years, so looks like we will be selling out and relocating out of state. No idea what I will do with this much free time as I have never had it before. Wife is nervous because i am only home on weekends if weather is bad, so she is wondering what that is going to be like. Even in college I drove 8 hrs each way, every weekend to work on the farm. Just hard to believe it will be gone so soon and most likely filled with chicken houses (something my father would roll over in his grave over). My brother, her favorite, couldn't even talk her out of it and offered to relocate her and pay her rent wherever she wanted to move. Nope, wants it all so she can burn through it like a coked up rock star (made over $650,000 in a 3 year period on gas well royalties, all gone in about 5 years).
Have you talked to a lawyer? That's fricken awful :(
I have. Learned that in Arkansas, once a spouse dies, their will becomes material for a trash can. My mother basically threw it away, formed a trust with her as sole owner. She never liked the farm, still mad that my father moved from Southern California in the mid sixties to Arkansas, even though she is also from Arkansas. My Father had his own business back in the 50's and 60's that allowed him to pay cash for a new house built on 260 acres in 1965. To give reference, he made $35,000 the year I was born, 1961. For an old sharecropper from central Arkansas, he said he had more money than he knew what to do with, so he started saving and paid cash for the land and house. Before the move, we used to travel to a cabin on the Colorado river and had two boats, one for the river and the other about a 30 cabin cruiser he took to Catalina Island. My mother liked that lifestyle and always fought the rural life. I guess this is her revenge, even though our life would have been miserable had we stayed, the way that state has changed. I was only 4 at the time, so I only remember the rural life, which I love.



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Re: The Time Has Come

Post by True Grit Farms » Tue Jul 09, 2019 3:05 pm

Very sad, it's good lesson for everyone to have their ducks in row before they die.
If we'd of know this we'd of picked our own cotton.

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Re: The Time Has Come

Post by T-Wacker » Tue Jul 09, 2019 3:20 pm

True Grit Farms wrote:
Tue Jul 09, 2019 3:05 pm
Very sad, it's good lesson for everyone to have their ducks in row before they die.
Yes it is. I tried to get my Father to sign it over to my brother and me before he died, but he was convinced his will would take care of the situation. Lesson learned, late, but learned none the less. If by some miracle it doesn't get sold, I will find a way to put it in the grandkids possession and not allow them to take control until a certain age. At least bypass one generation.

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Re: The Time Has Come

Post by CreekAngus » Tue Jul 09, 2019 5:58 pm

T-Wacker wrote:
Tue Jul 09, 2019 3:20 pm
True Grit Farms wrote:
Tue Jul 09, 2019 3:05 pm
Very sad, it's good lesson for everyone to have their ducks in row before they die.
Yes it is. I tried to get my Father to sign it over to my brother and me before he died, but he was convinced his will would take care of the situation. Lesson learned, late, but learned none the less. If by some miracle it doesn't get sold, I will find a way to put it in the grandkids possession and not allow them to take control until a certain age. At least bypass one generation.
T-Wacker: my Grandparents bought a farm in 1969 and operated it until 1991 when my Grandfather passed, my Dad sold off his birth right to my Uncle who kept it until he passed this last January. My Aunt has no intention of passing it down, I'm the only Grandchild who farms or would keep the place. She is going to sell the place and hasn't even allowed me the first option. And I thought I was pretty close to my Aunt and Uncle. I grew up on that farm, worked for my Grandparents and helped my Uncle. In a few days I will go get some of my equipment off of the place, drive down the 1/4 mile drive way for one last time. There will be no sorrow, because what should break my heart I rejoice over. That farm was a blessing in my life, it was my refuge, where I learned to work, learned to drive, learned about cattle and how to make hay. Thousands of great memories and I thank the Lord my God, I have a reason for sorrow. You and I got something a lot of people never get to experience and it's better than good.
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Re: The Time Has Come

Post by Hippie Rancher » Tue Jul 09, 2019 6:50 pm

T-Wacker wrote:
Tue Jul 09, 2019 12:10 pm
I not only feel your pain, but probably hurt more. My 85 year old mother has decided to ignore my fathers dying wishes and sell off the entire 525+ acre farm that I have been either living on or managing since I was 4 years old.
oh man, that is awful. I can (sort of) see her wanting out and to have some fun, carefree times. but to not even try to work some kind of deal to let or help family, especially a son or daughter who WANTS to keep the place do so in some way is pretty selfish.

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Re: The Time Has Come

Post by JMJ Farms » Tue Jul 09, 2019 7:23 pm

T-Wacker, I can’t imagine how bad that must suck. Here’s an idea. If your brother doesn’t want in, and you can’t, or choose not to, buy it on your own..... You say it’s underpriced. Buy the whole thing and then turn around a sell part of it. You could be left owing very little or at least have a manageable mortgage. While it’s not the best case scenario at least you wouldn’t lose the whole thing.
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Re: The Time Has Come

Post by T-Wacker » Wed Jul 10, 2019 11:57 am

JMJ Farms wrote:
Tue Jul 09, 2019 7:23 pm
T-Wacker, I can’t imagine how bad that must suck. Here’s an idea. If your brother doesn’t want in, and you can’t, or choose not to, buy it on your own..... You say it’s underpriced. Buy the whole thing and then turn around a sell part of it. You could be left owing very little or at least have a manageable mortgage. While it’s not the best case scenario at least you wouldn’t lose the whole thing.
That has entered my mind, but now I am hearing conflicting stories. Understand, this was all done while I was out of town and she has never talked to me about any of it even though I see her basically every day. I had to send my brother a text informing him that it was being sold, so he didn't have much time to figure out what he could do. I did hear through my son, whom she had lunch with, that my brother apparently purchased the farm after I gave him my blessing last weekend. Now, she has told both my daughters different stories, so who knows, waiting on a message from my brother what the heck is really going on. Daughter told me that my brother bought the original 260 acres and the rest is being sold. Better than all of the farm but will cut my hay production in half and require me to reduce herd size by at least 50%.

I even considered buying the whole thing and put it all back on the market for what its worth and make about $350,000. I figure I would have to wait a year or two, but it would be a great investment. Already two guys have traveled from Texas to view the property, so I am guessing they have the same idea.

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Re: The Time Has Come

Post by Angus Rocks » Sun Jul 21, 2019 11:45 pm

Gizmom

Is your Bridget cow for sale?

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Re: The Time Has Come

Post by pdfangus » Mon Jul 22, 2019 4:03 am

All I can say is I feel your pain.
Did your father leave a will
Not a lawyer but you may have some recourse, unless your father left it entirely to your mother
It would involve you and your brother taking on mother to court
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Re: The Time Has Come

Post by Herefords.US » Tue Jul 23, 2019 7:39 am

I understand, gizmom! I turned 68 this year. I separated ribs working cattle 2 years ago, then did it again earlier this year. And I went through radiation treatment for prostrate cancer last year. Basically, it's been 3 years of one thing after another, healthwise. The latest was an auto accident(not my fault)back in April.

I still hated to cut back, but fate stepped in and made the decision for me as the 1200 acres that I have leased for over a decade has sold to new owners. I had to vacate it last month. I guess I knew the time had come, for me, because I did not even attempt to find another lease place to replace it.

My goal when I started back into cattle 17 years ago was to get to 200 mother cows. With droughts and other circumstances, I only made it to just short of 100 at the peak. I am down to 30 now and I am faced with selling a dozen more to get to where I need to be for the land that I own. It is going to be really hard to choose which ones that I let go.
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Re: The Time Has Come

Post by TennesseeTuxedo » Tue Jul 23, 2019 8:15 am

This cattle thing is a tough business both coming and going.
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Re: The Time Has Come

Post by T-Wacker » Wed Jul 24, 2019 11:16 am

pdfangus wrote:
Mon Jul 22, 2019 4:03 am
All I can say is I feel your pain.
Did your father leave a will
Not a lawyer but you may have some recourse, unless your father left it entirely to your mother
It would involve you and your brother taking on mother to court
He did leave a will and I did check with an attorney. Unfortunately in Arkansas, and most states I believe, once the spouse dies, the surviving spouse gets everything regardless of the will. So, in short, if it is obvious that you will not outlive your spouse like me, a will isn't worth the time to make one and the cost to file (unless you both die together I guess).

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Re: The Time Has Come

Post by insurman » Thu Jul 25, 2019 10:52 am

T-Wacker wrote:
Wed Jul 10, 2019 11:57 am
JMJ Farms wrote:
Tue Jul 09, 2019 7:23 pm
T-Wacker, I can’t imagine how bad that must suck. Here’s an idea. If your brother doesn’t want in, and you can’t, or choose not to, buy it on your own..... You say it’s underpriced. Buy the whole thing and then turn around a sell part of it. You could be left owing very little or at least have a manageable mortgage. While it’s not the best case scenario at least you wouldn’t lose the whole thing.
I did hear through my son, whom she had lunch with, that my brother apparently purchased the farm after I gave him my blessing last weekend. Now, she has told both my daughters different stories, so who knows, waiting on a message from my brother what the heck is really going on. Daughter told me that my brother bought the original 260 acres and the rest is being sold. Better than all of the farm but will cut my hay production in half and require me to reduce herd size by at least 50%.


Any update on this...I hope it gets worked out.

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Re: The Time Has Come

Post by T-Wacker » Fri Jul 26, 2019 10:38 am

insurman wrote:
Thu Jul 25, 2019 10:52 am
T-Wacker wrote:
Wed Jul 10, 2019 11:57 am
JMJ Farms wrote:
Tue Jul 09, 2019 7:23 pm
T-Wacker, I can’t imagine how bad that must suck. Here’s an idea. If your brother doesn’t want in, and you can’t, or choose not to, buy it on your own..... You say it’s underpriced. Buy the whole thing and then turn around a sell part of it. You could be left owing very little or at least have a manageable mortgage. While it’s not the best case scenario at least you wouldn’t lose the whole thing.
I did hear through my son, whom she had lunch with, that my brother apparently purchased the farm after I gave him my blessing last weekend. Now, she has told both my daughters different stories, so who knows, waiting on a message from my brother what the heck is really going on. Daughter told me that my brother bought the original 260 acres and the rest is being sold. Better than all of the farm but will cut my hay production in half and require me to reduce herd size by at least 50%.


Any update on this...I hope it gets worked out.
No, brother hasn't returned my message. Still hearing conflicting stories, so I am just going about my business, baling hay and preparing for the fall.

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Re: The Time Has Come

Post by gizmom » Sun Jul 28, 2019 12:08 pm

We have done all we can to make sure all we have goes to our our two sons. Jacob wants to keep the farm our eldest has no interest in it at all. We had to work out the wills to be fair and equal to both. That being said since we have told the boys we were cutting back Jacob has really stepped up and taken ownership. Don’t get me wrong he has always been involved, but I think out of respect to his parents he didn’t push his ideas and opinions. He has always wanted to have an open house bull sale so this year he is moving forward with doing that. I feel when our time is done the farm will be in good hands.

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