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<blockquote data-quote="rockridgecattle" data-source="post: 366083" data-attributes="member: 6198"><p>good for you. In manitoba the land is not so pricy.</p><p>Just a note, do your parents have or starting a succession plan? These plans can take years to put into play and should be thought about, well, now! Are there other siblings to worry about? If there is ask about the will the part that pertains to the farm. If you are going to invest you need to know what happens if... </p><p>After 13 of farming years we just found out that my husband's sister get the home quarter. She does not live here, nor does she farm. Our house and our cattle are on the home quarter. So is the base of our the operation. All my husband's hard work, time, and investment. So it's worth the look and inquire.</p><p></p><p>Something else to look into: Ag canada has a webinar website that anyone can check out. Look up John Fast. He specializes in generational farms succession planning. He looks at the emotional (cause it does get emotional) financial (need to look after the parents, non farming siblings and protect your investment) and the legal. Just a tip from someone who has been there with the words "take over my parents land".</p></blockquote><p></p>
[QUOTE="rockridgecattle, post: 366083, member: 6198"] good for you. In manitoba the land is not so pricy. Just a note, do your parents have or starting a succession plan? These plans can take years to put into play and should be thought about, well, now! Are there other siblings to worry about? If there is ask about the will the part that pertains to the farm. If you are going to invest you need to know what happens if... After 13 of farming years we just found out that my husband's sister get the home quarter. She does not live here, nor does she farm. Our house and our cattle are on the home quarter. So is the base of our the operation. All my husband's hard work, time, and investment. So it's worth the look and inquire. Something else to look into: Ag canada has a webinar website that anyone can check out. Look up John Fast. He specializes in generational farms succession planning. He looks at the emotional (cause it does get emotional) financial (need to look after the parents, non farming siblings and protect your investment) and the legal. Just a tip from someone who has been there with the words "take over my parents land". [/QUOTE]
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