Posted by James22 on August 09, 2012 at 10:24:33 from (207.179.239.109):
In Reply to: start in farming posted by nick girgen on August 08, 2012 at 23:56:02:
I've got a friend whom was raised on a farm and has tried for years to get into farming while driving a truck. He is now 56 and is still driving a truck. Has a couple of good tractors and along with the trucking has occasionally farmed a few acres, but nothing has lasted and he has the experience. Land lease is just too competitive in this area. As was mentioned you might find a smaller, older farmer that wants someone to take over his operation. A very long shot unless in a more marginal area. The FSA has a long list of young farmers looking for such a deal and few farmers giving it. Easy to understand. Although my kids don't want to farm, I wouldn't be interested in trading away hard earned assets for a pile of cash that inflation will eat away. Several younger non-BTO's in this area that would rent ground providing the required cash and you still retain ownership. A trust can keep the children from undoing your good work and still give them a considerable income every year.
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