Flea, just a few questions you have ask yourself, and things to consider IF any of this applies to you.
If your in your 30's, your parents are more than likely still involved. Are you the only one entitled to the farm or are there other siblings going to farm with you or are they entitled to some of the farm through inheritance.
If you are the only one entitled to the farm and will not have to be buy out siblings, and your parents are willing to help out on the farm for the next 10 years, (which is very important) it's more than likely do able. At some point are your parents wanting you to purchase their share of the farm out right?
Again I don't know your situation but these are issues that come up in generational farms.
The biggest question you have to ask yourself is, can you survive if you have multiple crop failures in a row and if the cattle (if you have any) carry the load.
Just trying to make you aware nothing else!
If your in your 30's, your parents are more than likely still involved. Are you the only one entitled to the farm or are there other siblings going to farm with you or are they entitled to some of the farm through inheritance.
If you are the only one entitled to the farm and will not have to be buy out siblings, and your parents are willing to help out on the farm for the next 10 years, (which is very important) it's more than likely do able. At some point are your parents wanting you to purchase their share of the farm out right?
Again I don't know your situation but these are issues that come up in generational farms.
The biggest question you have to ask yourself is, can you survive if you have multiple crop failures in a row and if the cattle (if you have any) carry the load.
Just trying to make you aware nothing else!
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