Partnerships are something with a life of their own. To be partners every detail needs to be addressed in detail. If 3 families are going to be involved in the operation of this farm, do all 3 families bear the same amount of the work load, do all 3 families have the same amount of capital outlay, do all 3 families own the same percentage of the whole operation,etc. If not does everyone know what their risks, investments, and responsibilities are??? It sounds like you don't have farm background. Why does it take 3 families to make a 300 acre farm work??? Are you needed for the cash??? I would be Leary buying into a partnership with someone not knowing what was mine. For instance, if this does not work out, it will more than likely be divided in a court of law. I don't want to sound all negative, but have walked this road before, and there are a lot of obstacles in partnerships. I am sure you have some savings, but if this doesn't work,more than likely you will not have a job and NO savings also.
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Today's Featured Article - Talk of the Town: Winterizing Engines - To Drain or Not to Drain? - by Russ Berry. What is this strange attraction I have to equipment and machinery? How did I get this way? I came from the suburbs and own a small horse farm in rural Loudoun County, Virginia. You can call me a "weekend farmer." The local farmers do. Does it bother me? No. I am just happy to have their friendship. At least the word "farmer" is in my title. But what is the attraction? How can I explain the sensation and exhilaration I feel when I turn the key and hear the engine come to life (most
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