What would you Do?

[BreadWinner]

Actually decisions based on emotions have paid off quite well in my life.

[SASKFARMER3]

Unless the Canadian system collapses around us the kids would never be Walmart greeters. Goals were always to take original farm and increase the land base by 200%. When others said land was going lower thats when you buy. Fast forward today. It's most say it's got to keep going up.
Not saying a person should sell. The thread is what would you MR Farmer do if you had the visit or call about getting out.

[blackpowder]

. Shouldn't be posting as I don't really fit into your parameters Sask. I'm like the gunfighter who has his back firmly to the wall while looking straight ahead but with one eye on all the exits.
A farmer who can answer your question with his life expectancy and quality of life for himself and his family realistically in mind is already quite fortunate.
As you know there is a big shift coming anyway.

[fjlip]

Heard it this way from a financial/retirement planner...
either YOU sell it or your children will. Unless it all crashes, the next gen will inherit $millions in land or cash. Every area has young aggressive farmers ready to make you that call.
Thought giving next gen the farm was child abuse?

Mainly see the children living in an empty rural area, driving miles for every need/want, the biggest negative factor. It's NOT the busy, populated time in rural areas of 40 years ago. It was fun, for a while.

[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?