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Family wants to put money into my cattle. Urgent!
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<blockquote data-quote="madbeancounter1" data-source="post: 108361" data-attributes="member: 2046"><p>Bama,</p><p></p><p>I do this with both my son and daughter. So far, we are still in the building stages but they are both whizzes at math and are keeping track how much Dad spends on their behalf.</p><p></p><p>On the flip side my lease is set up so that any improvements the landowner and I make to the property - fencing and so forth is split evenly and my portion pays my lease. I pay for the meds and feed and we have a ceiling. Once I reach that ceiling he starts paying 100% of improvements and for whatever his cattle eat and whatever I doctor them with. So far it's worked well. I even get free labor out of his kid because he likes to come out and help.</p></blockquote><p></p>
[QUOTE="madbeancounter1, post: 108361, member: 2046"] Bama, I do this with both my son and daughter. So far, we are still in the building stages but they are both whizzes at math and are keeping track how much Dad spends on their behalf. On the flip side my lease is set up so that any improvements the landowner and I make to the property - fencing and so forth is split evenly and my portion pays my lease. I pay for the meds and feed and we have a ceiling. Once I reach that ceiling he starts paying 100% of improvements and for whatever his cattle eat and whatever I doctor them with. So far it's worked well. I even get free labor out of his kid because he likes to come out and help. [/QUOTE]
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Family wants to put money into my cattle. Urgent!
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