What would you Do?

[SASKFARMER3]

Yea their is! So many things to consider! Cash is real nice but if it's family it's different than selling a car dealership or mall or golf course!

[malleefarmer]

nothing to do with question but south Africa in part is wonderful wonderful farming land some put it up the with the Ukraine as ahidden gem

[blackpowder]

I've heard that too. And every doctor we've had in 20 years here in town, couldn't wait to get out.

[MBgrower]

Big decision to sell sf3. It would be good to know if any of your kids are hooked, and want to take it over. If not, what the hell, the math is simple, calculate how much goes into your bank out after all your liabilities are paid off, including capital gains. Assume a min rate of return on mixture of investment and bonds, to see if the money will outlive you. If u sell, I guess this sites is done too. Lol

[Braveheart]

I guess Positive Thursday is over.

[Braveheart]

A likely scenario:

Farmer sells farm and goes to financial advisor and asks, "I've got 2.2 mil dollars to invest. Where should the money go?"

Financial advisor replies, "Farmland is a great investment these days. Are there any farms around for sale?"

Farmer says what?

[farming101]

Braveheart, that has actually happened.

[Braveheart]

I'd be surprised if it didn't happen often.

[SASKFARMER3]

It was a question. But yes Ottawa would get a nice chunk. Probably what house in Hawaii would cost. Need three years to get it right.
But was nice they thought our place was a ok operation to move to.
Will throw out a number next week. But don't expect it to be hit. Don't want to quit. Now if I could get interest at the bank like the early 80s I would be out.

[TOM4CWB]

Sf3
I'd bet they would let you run tractor and Combine!

You could have best of both worlds!

[SASKFARMER3]

Yea had two job offers already! Ha!

[rockpile]

I can only tell you what I did. 11 years ago.
1. After working with me for one year after graduation, my son informed me farming was not for him. Too lonely, too risky, too much stress and worry. He wondered how I could possibly stand putting up with all that.
2. Though in our early fifties, the workload was taking its toll on mine and my late wife's bodies - knees, backs, etc.
3. The lottery ticket offer to purchase by a neighbour - over double the per acre value of the very last sale. Also with 7 Hutterite colonies and some really big established family operations, expansion was never an option. 3,000 acres was the end.
4. The fun and enjoyment had gone out of it - too many non farm bosses like rrs, truckers, graincos, etc.
5. Stupid cost of machinery and inputs.
6. Sold home place but still own over half of land. Believe it or not, it was the house, the landscaping and overall setup the buyer wanted.
7. Making more money off my land now (and not just rent, btw) with no risk, than when I was farming it.
8. Devoting my volunteer time to doing things I find really rewarding and important. I have turned down numerous employment and political offers. Today, my most cherished activity is educating urbanites, especially young kids, as to where their food comes from. They are smart and listen!
9. After son said "no thanks", I beat freedom 55 by 2 years. Life is good. But with a couple of health scares during the last 10 years, I'll tell you, really think about what is important to you because you might never reach that "ahhh, some day" moment. At the end of the day, the most important things to me are my family and the legacy I am building for them. After I'm gone, they can do what they want, but I'm satisfied I've done my best.