madcow: Depending how old you are, it might just be easier to hang in there?
Believe me I see your type of situation all the time!
I am involved in the oil field through a joint venture company. I get around and I talk to a lot of farmers. So many of them seem almost like a deer caught in the headlights...they just don't know what to do?
Many of these farmers are worth a lot of money, but just struggling to pay the bills. They know they could sell out and live the life of Riley, but have a hard time walking away? Which is very understandable? And very sad.
My father died when I was reasonably young and I guess I could have lived a fairly comfortable life farming. I sort of fell into the oil service business...started cleaning up a few leases, fencing, seeding, spraying etc.? It has grown into a good business and is pretty hard to beat. Very easy to make $1,000/day per man.
Now I am getting to the age where I am considering retirement and have been trying to wean the boy into taking over! Unfortunately, business is booming and he regards me as his slave or something! But I think I will escape, yet!
Believe me I see your type of situation all the time!
I am involved in the oil field through a joint venture company. I get around and I talk to a lot of farmers. So many of them seem almost like a deer caught in the headlights...they just don't know what to do?
Many of these farmers are worth a lot of money, but just struggling to pay the bills. They know they could sell out and live the life of Riley, but have a hard time walking away? Which is very understandable? And very sad.
My father died when I was reasonably young and I guess I could have lived a fairly comfortable life farming. I sort of fell into the oil service business...started cleaning up a few leases, fencing, seeding, spraying etc.? It has grown into a good business and is pretty hard to beat. Very easy to make $1,000/day per man.
Now I am getting to the age where I am considering retirement and have been trying to wean the boy into taking over! Unfortunately, business is booming and he regards me as his slave or something! But I think I will escape, yet!
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