Tweety tell that story to all who bought in 1981 who after the interest hike and drought they left. Or were escorted off their farms. Yes it's gone up but running into the fire some times is better than running away. In our area smart business men have sold now not bought. Time will tell.
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Tweety, thats assuming the buyer has enough time, as in SF3's point, 20 years is a long time in a humans lifespan. Exactly what he's talking about happened in this area. I bought land for about the same price in 86 as I did in 04. A dip and flat for a long time before it exploded skyward. The pendulum has swung a little too far. But loving it...Comment
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Well then if you think its a good time to sell and price is going down....Comment
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Damn kid wants it.... but can't afford to buy (and pay for it) what its supposedly worth. Can't take it with me to the grave anyway, someone else may as well "enjoy" it.Comment
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How many generations has your farm been in the family farmolic? Our farm is 3 generations. My grandfather started it past it to my father,not sell it, my father added to it. My father past it to me, not sell it, and I have added to it. If the farm is staying in the family, why sell it to the next generation? All you need is enough the live a respectable life and give the kids a break in their life. Pay it forward. You can't take your land to the grave and you don't not cash in the grave.Comment
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tstep, actually 5 generations. Everyone along the way got the "break", so will my kid. My Grandfather was aggressive, my Dad not so much but I(WE!!!) tripled my Dad's holdings. In real dollar(cash) terms(adjusted for inflation) my Dad did a better job of saving for his retirement than I did. I bought land and have a fairly decent line of machinery to work with and fairly decent amount of "convenient" grain storage(hopper bins). LOTS to be grateful for, had a wonderful support system with family. Worked fairly hard and the aging body is fighting back a bit now, time for someone with more energy than I...
It's been challenging and frustrating at times but overall it's been OK. Change was constant.Comment
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That's awesome farmaholic. 5 gens is a great achievement in agriculture. I'm the same way, my old body is wearing out for this game and I have a son that is interested in continuing the game. Hope he can handle the bullshit that goes along with it now. Has been a good life and hope these young farmers can enjoy the same.Comment
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Yep, great on you guys! Not to minimize accomplishments in canada, but was having a beer with my german neighbour last week ( moved here a few years ago from germany ) His older brother got the family farm, it's been in the family for 800 years! Just reminds a guy on how young our country really is.Comment
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Stoney... if thats true it is truly amazing. There is something to be said for the ability to say I have the rights to that property and has been in the family for centuries. But can see this comment challenged.
My great grandmother took a homestead beside her son's and my kid is the fifth generation. Been in Canada since about 1886?(ish). After great grandfather got killed, they took a new homestead here--- new start 1902. Boy, when I think of the hardships my forefathers endured, I've got it pretty darn good AND easy.Comment
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