Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Non-Cattle Specific Topics
Coffee Shop
Sustainable Agriculture?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="Djm961" data-source="post: 1791597" data-attributes="member: 39216"><p>I had to quit being a full-time farmer when my grandfather passed. My parents didn't want to maintain or keep the farm, but it meant a lot to me. The only way to afford it was taking a good paying office job. I have a couple kids now and have the cattle one the farm being profitable. I would love to set up my son to have the opportunity to be a full-time farmer but financially it doesn't make sense. My strategy right now is to keep putting money into my retirement and kids 529 plans. If we can start to develop some family wealth that is passed on after each generation, maybe in the future my grandkids can make the dream work. </p><p></p><p>Land price is too high for the cows to touch the monthly payments even if I didn't include my labor costs. I have tried to rent more places and that's extremely difficult in my area. Everyone is splitting up the acreage and building a hobby farm or row crop guys are farming these hills that should be pasture ground. The investment to get into the row crop business would be very large and guys are already paying premium rent prices here. I've considered selling the family farm and taking than money to a more local place where more opportunities may be available, but the farm has been in the family for almost 150 years now and I'm not going to be the one that sells it.</p></blockquote><p></p>
[QUOTE="Djm961, post: 1791597, member: 39216"] I had to quit being a full-time farmer when my grandfather passed. My parents didn't want to maintain or keep the farm, but it meant a lot to me. The only way to afford it was taking a good paying office job. I have a couple kids now and have the cattle one the farm being profitable. I would love to set up my son to have the opportunity to be a full-time farmer but financially it doesn't make sense. My strategy right now is to keep putting money into my retirement and kids 529 plans. If we can start to develop some family wealth that is passed on after each generation, maybe in the future my grandkids can make the dream work. Land price is too high for the cows to touch the monthly payments even if I didn't include my labor costs. I have tried to rent more places and that's extremely difficult in my area. Everyone is splitting up the acreage and building a hobby farm or row crop guys are farming these hills that should be pasture ground. The investment to get into the row crop business would be very large and guys are already paying premium rent prices here. I've considered selling the family farm and taking than money to a more local place where more opportunities may be available, but the farm has been in the family for almost 150 years now and I'm not going to be the one that sells it. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Non-Cattle Specific Topics
Coffee Shop
Sustainable Agriculture?
Top