What would you Do?

[canolacrazy]

if we think back 10-15 years ago, it wasn't a question of should i stay or should i go. i remember some farmers telling me, they want to go due to health reasons or whatever, but they couldn't find any buyers.
i'll take today's options over those anyday.

[farmaholic]

And those days will likely "cycle back" again....
Being realistic not pessimistic.

[farmaholic]

And those days will likely "cycle back" again....
Being realistic not pessimistic.

[farmaholic]

And those days will likely "cycle back" again....
Being realistic not pessimistic.

[farmaholic]

And those days will likely "cycle back" again....
Being realistic not pessimistic.

[Braveheart]

SF3, it's never too old but definitely never to young to think about exit strategies and/or succession. Building a business either to sell or create a legacy should be part of goal setting IMHO.

[LEP]

I have a different thought about this. I look at Europe and how over the years the people with wealth had land.

Because of this my plan was always to make enough to retire without selling the land. I probably own less because of this.

We are going through the first version of succession planning. Some of our kids want to farm and some don't.

Everyone will get some land. Some more land and less cash, the others vice versa.

The bottom line though is I think they understand the benefits of holdings land for generations, but when I am gone who knows what will happen.

[SASKFARMER3]

Throw in wives, City girls vs farm. Lots to think about.

[Richard5]

I would probably sell if I was you S3. Although its maybe taken out of typed context you seem to express a lot of frustration with the times.

Get as much as you can but don't be too greedy. Its like trying to sell $14 canola, watch it hit $13.85 and go down to $10

[SASKFARMER3]

Richard I just don't sugar coat Ag. I couldn't care if the glass is half full or half empty just as long as their is something in it.
My question is if some one stopped by and wanted your operation would you sell. Again dollar of sale really doesn't matter. 6 or 66 quarter farm.

[Richard5]

The answer is yes for me then

[furrowtickler]

If you sell out and go get a job from one of your 'offers' I doubt you will ever have time for 4-5 vacations/ winter ....
Think about what you have , unless you pocket some serious change or your wife makes 3-400 g per year your Holliday time is gone in the real world . Just something to think about