Kids In The Business

[jazz]

Just curious who has kids coming up and will join or take over their operation?

I am little older have 3 young daughters. We live in the city so they have no real connection to the farm. I gave them a few quarters of marginal land I have south further just for an asset and some revenue coming in. We could never get enough land together to even entertain the prospect of them farming. Not in the cards anyway. Wife says give them a education and a few bucks for house one day and call it good.

That's ok, but part of me really regrets not having a viable business they could join. Working with my dad has been one of the joys in this business. Wish there was a way to do that with my daughters but that would require building something entirely new. Don't even know what that would be.

[the big wheel]

Just curious who has kids coming up and will join or take over their operation?

I am little older have 3 young daughters. We live in the city so they have no real connection to the farm. I gave them a few quarters of marginal land I have south further just for an asset and some revenue coming in. We could never get enough land together to even entertain the prospect of them farming. Not in the cards anyway. Wife says give them a education and a few bucks for house one day and call it good.

That's ok, but part of me really regrets not having a viable business they could join. Working with my dad has been one of the joys in this business. Wish there was a way to do that with my daughters but that would require building something entirely new. Don't even know what that would be.

Unless your well established and can take more than a year or 2 of no crop it’s not a wise move.
Many that I rent from share the same story they wished it different but when they see the drought and what I ve put in to the crop only to have very little yield they ask my why I m doing it as well.

If you’ve got things clear so that they can benefit from the asset in their lifetime you’ve accomplished a great thing that hopefully they will appreciate how it came to be.

If the land values wouldn’t have gone up I wonder how many farms would have been done as in banks called in the loans for lack of equity.
I think that increase in value has given a false picture of what farms are generating. Sure there are areas that hit the jackpot on lentils I had some acres that fit that I couldn’t believe the revenue but my other land took away also. It’s all like a lottery.

[farmaholic]

Is it worth the mental anguish?

A life of stress, heart ache and misery at times?

....on to something more positive...

Anyone?

[farmaholic]

Please don't encourage me Partners.

It might unleash a series of negative Tsunami

[farming101]

Just wait till you get the first rain of the year on June 19. Your spirits will soar.

Now everything is growing like mad. And to top it off we can stay in the sprayer well into July.
Canola in the wheat, wheat in the canola. Sheep in the meadow, cows in the corn.

Yippee!

Makes farming all worth it. It's a lifestyle after all

[Blaithin]

Is it worth the mental anguish?

A life of stress, heart ache and misery at times?

....on to something more positive...

Anyone?

This was my grandpas logic.

None of the kids or grandkids should have to live through the stress and hardship. So he didn’t promote us to do it.

I must say, as a grandchild wholeheartedly invested into Ag, it makes it hard for me. It’s my choice, I made it as an adult, but people give me funny looks when I say I have nothing to do with the farm my grandpa built all on his own. Now I’m trying to crack it all on my own and we know that isn’t any easier than trying to farm something that was passed down.

[LEP]

I have a son that is working his way into the farm.

I am at the point in my life that I could easily slowly reduce acres, headache and workload as I felt like it.
My retirement would have been a good one and the kids would each get a tidy inheritance. Instead it creates more stress, as I was comfortable before he came along and now, we need to add acres and equipment to farm it.

But I realize easy isn't always better and I want the farm to continue on for future generations. Sometimes it isn't in the cards for everyone.

But who knows Jazz maybe your daughters will take the marginal land and start a sheep ranch or a dude ranch or they will strike oil or potash. Pretty hard to imagine all the possibilities the future holds.

[Sheepwheat]

Four kids.

Girl 1. She raises goats, loves the animals and I can see her being a stock lady.

Boy 1. He would be the farmer, but like jazz, it is just not possible for it to happen, at least right now, nor would I really encourage him. He raises chickens and has honey bee hives. He is passionate about the bees. I DO encourage him in that. I can see him play farming a few hundred acres and selling honey.

Girl 2. She raises turkeys, and is much like girl one. She is a hunter, a grand young lass and loves animals. Like girl one, I can totally see her raising animals for a living.

Boy two. He is the pig raiser. So far he is the only one who I can see not really farming. He likes his pigs, but does it for the money, not for the love so much! Lol

I do think one or more may well keep the land and use it to make a living. Certainly not grain farming, but they all have outside the box thinking, and passions.

I hope they do.

[ajl]

With the real economy in canuckistan permanently disappearing there is no opportunity inside or outside of ag so that makes ag no worse for your kids than anything else. Survival skills will be important. Marginal land should have been sold before the now and permanent bear market in real estate. If the kids inherit some quality land that will be good but dispatch the marginal shit before there are no buyers left. Thanks to years of fakenomics today's younger generation have no clue about producing real wealth. Real estate speculation has made many on here, and myself as well, wealthy thanks to the inflation era but that is not real wealth production and besides that game is other. Hard work and thrift only gets yourself the taxman or inflation tax to take it out so that is not a way forward anymore.

[blackpowder]

I am fourth generation in my extended family and soon will be the last individual doing it.