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<blockquote data-quote="Jim62" data-source="post: 616644" data-attributes="member: 6655"><p>The idea of using family land and equipment for free in this startup is very troubling to me. I've seen this kind of a thing done numerous times, and the outcome is almost always a train wreck. As soon as the tenant/operator gets everything improved to his satisfaction, uncle Joe decides that it's time to sell the place, or somebody dies and the new property owner decides that he wants to raise cattle, too. After all, he's got a ranch all set up and equipped for it. The tenant/operator has by now pi$$ed away many thousands on improvements, all of which turn out to be money down the proverbial rat-hole, plus he's got 100 head of cattle with no place to go.</p><p></p><p>There may be a family somewhere that will work together in harmony, but none that I know of. When land and money get involved, it's every man for himself. It's a nice plan, but I wouldn't touch it with a 10' pole.</p><p></p><p>But, that's just me (and my experience) :tiphat:</p></blockquote><p></p>
[QUOTE="Jim62, post: 616644, member: 6655"] The idea of using family land and equipment for free in this startup is very troubling to me. I've seen this kind of a thing done numerous times, and the outcome is almost always a train wreck. As soon as the tenant/operator gets everything improved to his satisfaction, uncle Joe decides that it's time to sell the place, or somebody dies and the new property owner decides that he wants to raise cattle, too. After all, he's got a ranch all set up and equipped for it. The tenant/operator has by now pi$$ed away many thousands on improvements, all of which turn out to be money down the proverbial rat-hole, plus he's got 100 head of cattle with no place to go. There may be a family somewhere that will work together in harmony, but none that I know of. When land and money get involved, it's every man for himself. It's a nice plan, but I wouldn't touch it with a 10' pole. But, that's just me (and my experience) :tiphat: [/QUOTE]
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