Farmers getting OLD

[iceman]

History has shown us that the OYF award is the kiss of death.
Enjoy the show

Over & Out

[sumdumguy]

The young farmer we nominated and he did win is alive and well. Do I smell some sour g****s? Give credit where credit's due.

[fjlip]

wakopa, we are just about that size and scenario, thought sell machinery over 10 years, and rent land at half local rate, currently $80/ acre for 2016. Makes for a comfortable retirement. But is that profitable for son? And he is undecided due to the risk of high cost farming. They still have to WANT it and be good at it. Think spoiled by easy job and wages and LOW risk. Sons will get it all eventually.

[fjlip]

Free just found this, it's your angle in farming....

https://www.youtube.com/watch?v=f5RrGFBbbSY

[blackpowder]

3 astronomical years at the end of a 40 year stretch have made some incredibly greedy, shortsighted, selfish people of all ages in my area. Some should know better.
Farmers are the quintessential ACME INSTANT ASSHOLE PILL, just add cash.
Sorry, just lost long term parcel to an ELDERLY owner whos renting machinery and going back at er. Maker's Mark speaking.

[sawfly]

i sure would have been pissed if i had not got those good years. that's a long hard haul for nothing.

i too have noticed the kiss of death
for some outstanding farmers. and ag grads too.

brave heart your desiderada comment
is so true, i often wondered what i was doing wrong, when the neighbor always had
the Mercedes and new combines.

turns out it was a house of cards .

the farm , i would love to pass it on , rather than the hutterites leveling everything

the big mistake , we make , is people not having lots of kids.

not politically correct but
i keep telling them, get at it, unless you want the country to be all natives or hutts.

[sumdumguy]

You guys talk like farming is the only way of life. There's a big world out there. In straight grain farming we have seen more years with $3 wheat, $6 Canola than $14 wheat and $13 Canola. Just because the stars lined up once in 35 years, farmers are all beating their chests.

[hobbyfrmr]

Sumdum et al, I agree that with a 3 year "real" profit run that happens once in 25 years falsely improves attitudes and perceptions.
The timeline is perfect, shift in generations so the young people don't remember, and some higher prices softens the resentment of the older farmers who got through the tough times.
On the less bitter side of things, just because I found my first 13 years of grain farming difficult does not mean all the other farms were struggling. There are plenty of very good farmers who know how to manage well.

[wakopa]

fjlip, i wouldnt charge going rate,lets say 50 dollars times 1500 = 75000.i can have lots fun with that and if the boy doesnt want to farm,we still have the land, nobody went broke and i now charge going rate and the land goes to the boy when i leave and he gets rent money.

[fjlip]

Okay I was at $40, you got all the machinery? Is that free? How about buildings? Nothing simple worth a bit to right individual. Have the heated shop and he is a Inter-provincial Journeyman Mechanic, still a decision to be made. Off season repair business option.

[farmaholic]

Wasn't the OYF winner a poster boy for Bayer Canola seed?

Once again I'll say it, a lot of unsung hero's that get no limelight as Primary Producers. If that is the roll model we are all supposed to live up to, I'm glad I'm too old to be an Outstanding Young Farmer. Hell, I don't even want to be an Outstanding Old Farmer. Kinda satisfied with where I'm at at this stage of my life. Knock yourselves out. Like Fj said, been there done that earlier in life, not interested in the next "game" level.

[wakopa]

Here is what I would do in my situation , not saying it's right . I would also talk to my accountant first.maybe crop share with my son so I can get some of the benefits , rent low split between my wife and me , start taking out rrsp because when I go all have to be taken up with lots taxes taken off, he would get my machinery and maybe the odd bin of wheat I have. My last year I have a full crop to sell with very little expense plus maybe some pension money .