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hold em or fold em?
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<blockquote data-quote="msscamp" data-source="post: 475845" data-attributes="member: 539"><p>What breed, registered or commercial, bred or open? Have you talked to him about this? If so, what were his thoughts? Is this a formal partnership, or one formed through a handshake? Is it a 50/50 partnership or some other percentage? Can you collect on his half of the hay for these animals? Depending on the answers to the above questions, I believe I would look long and hard at selling them. I don't know what area you're in, but I have some serious reservations at your ability to buy hay for 30 head on 15 acres, and your pasture will probably be trashed if you keep them til spring. Since he sold his land knowing that you didn't have adequate land for them, without notifying you, and apparently leaving you with the feed bill - I would load them up and haul them to the local salebarn. I would then pay off the partner, dissolve the partnership, use my proceeds to buy a few head that my acreage would sustain and I could afford to feed. Yes, there will probably be a loss involved, but at least I would have the knowledge that I didn't have to worry about a former partner trying to come back on me, and my pasture would be salvagable. But, on the other hand, I avoid partnerships like the plague just because of situations like this.</p></blockquote><p></p>
[QUOTE="msscamp, post: 475845, member: 539"] What breed, registered or commercial, bred or open? Have you talked to him about this? If so, what were his thoughts? Is this a formal partnership, or one formed through a handshake? Is it a 50/50 partnership or some other percentage? Can you collect on his half of the hay for these animals? Depending on the answers to the above questions, I believe I would look long and hard at selling them. I don't know what area you're in, but I have some serious reservations at your ability to buy hay for 30 head on 15 acres, and your pasture will probably be trashed if you keep them til spring. Since he sold his land knowing that you didn't have adequate land for them, without notifying you, and apparently leaving you with the feed bill - I would load them up and haul them to the local salebarn. I would then pay off the partner, dissolve the partnership, use my proceeds to buy a few head that my acreage would sustain and I could afford to feed. Yes, there will probably be a loss involved, but at least I would have the knowledge that I didn't have to worry about a former partner trying to come back on me, and my pasture would be salvagable. But, on the other hand, I avoid partnerships like the plague just because of situations like this. [/QUOTE]
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