terrisss
Member
Everyone was so helpful yesterday, Thank You!
But like I mentioned before, I am purchasing my family farm from my father, it has 40 acres of all pasture, with water. My goal is to retire from my fulltime job, my boyfriend would like to retire in about 5 years. If anyone has any suggestions on what it would take for me to achieve this, that would be great. I'll try to give you all the details of my purchase, so please be patient with me.
The farm consists of the following:
1. Milking parlor for 80 head w/full pipeline
2. Various out buildings (machine shed, calf building, 2 grain bins & 3 silos. It also has a huge manure pit off from the barn, and over head building in the pasture.
3. Their are also 420 acres that my father is renting as tillable land, which someday will belong to us children.
4. House that needs remodeing, and a mobile home.
We are purchasing it for $149,900
If anyone has any suggestions on what would be the most profitable way for us to proceed from their past experience,
We would so greatly appreciate it. When I lived there, milking holstein cows was the big money maker, but apparently not anymore.
I know it's alot to ask, but we just want to make sure we approach this the right way.
Thanks Again For All Your Help!
Terri/Wisconsin
But like I mentioned before, I am purchasing my family farm from my father, it has 40 acres of all pasture, with water. My goal is to retire from my fulltime job, my boyfriend would like to retire in about 5 years. If anyone has any suggestions on what it would take for me to achieve this, that would be great. I'll try to give you all the details of my purchase, so please be patient with me.
The farm consists of the following:
1. Milking parlor for 80 head w/full pipeline
2. Various out buildings (machine shed, calf building, 2 grain bins & 3 silos. It also has a huge manure pit off from the barn, and over head building in the pasture.
3. Their are also 420 acres that my father is renting as tillable land, which someday will belong to us children.
4. House that needs remodeing, and a mobile home.
We are purchasing it for $149,900
If anyone has any suggestions on what would be the most profitable way for us to proceed from their past experience,
We would so greatly appreciate it. When I lived there, milking holstein cows was the big money maker, but apparently not anymore.
I know it's alot to ask, but we just want to make sure we approach this the right way.
Thanks Again For All Your Help!
Terri/Wisconsin