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<blockquote data-quote="snake67" data-source="post: 986058" data-attributes="member: 17764"><p>Sorry for your loss of a good friend - and congrats on the gift you are now responsible for - you have been entrusted for a reason and therefore must look after it.</p><p></p><p>First - go slow!</p><p></p><p>As previously stated - can you - well, yes you can - however - are you truly ready, able and willing to do the work? It is not easy. Otherwise everyone would be doing it - and it is very easy to pizz it all away.</p><p></p><p>The costs are still sunstantial to get up and running - you are not going to do this on 50 cows!</p><p></p><p>You have to put stock out there to get a return and in all honesty it is something that you probably do not know enough about yet - even if you did "help" - it is a business and you probably did not get involved to the extent you think you did.</p><p></p><p>So again - go slow or it can disappear in a puff of smoke.</p><p></p><p>Lease the land out. There are naysayers here, but there are good people who will look after your land. I have leased a portion of our place and it is working out fine - so it can be done.</p><p></p><p>That revenue stream pays taxes and bills - which is a good thing.</p><p></p><p>Get that teachers pension. You have no wife and no kids. Therefore no needless expenses! LOL</p><p></p><p>That pension plus the lease might just make you a gentleman farmer who can do as he sees fit while someone else does the hard lifting.</p><p></p><p>In the end you do not say what you would REALLY like to do only that you THINK you might like to do this. </p><p></p><p>Go for it - but go slow and have a separate income to shield you from all the expenses that will come up - expenses that you had no idea even existed!</p><p></p><p>So - lease first - get the pension - grow slow and have fun.</p><p></p><p>Otherwise - and I mean this - there is a good chance it will turn you inside out and it will all blow away.</p><p></p><p>Just my two cents</p><p></p><p>Bez</p></blockquote><p></p>
[QUOTE="snake67, post: 986058, member: 17764"] Sorry for your loss of a good friend - and congrats on the gift you are now responsible for - you have been entrusted for a reason and therefore must look after it. First - go slow! As previously stated - can you - well, yes you can - however - are you truly ready, able and willing to do the work? It is not easy. Otherwise everyone would be doing it - and it is very easy to pizz it all away. The costs are still sunstantial to get up and running - you are not going to do this on 50 cows! You have to put stock out there to get a return and in all honesty it is something that you probably do not know enough about yet - even if you did "help" - it is a business and you probably did not get involved to the extent you think you did. So again - go slow or it can disappear in a puff of smoke. Lease the land out. There are naysayers here, but there are good people who will look after your land. I have leased a portion of our place and it is working out fine - so it can be done. That revenue stream pays taxes and bills - which is a good thing. Get that teachers pension. You have no wife and no kids. Therefore no needless expenses! LOL That pension plus the lease might just make you a gentleman farmer who can do as he sees fit while someone else does the hard lifting. In the end you do not say what you would REALLY like to do only that you THINK you might like to do this. Go for it - but go slow and have a separate income to shield you from all the expenses that will come up - expenses that you had no idea even existed! So - lease first - get the pension - grow slow and have fun. Otherwise - and I mean this - there is a good chance it will turn you inside out and it will all blow away. Just my two cents Bez [/QUOTE]
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