My Dad sold me the farm on a Contract for Deed years ago. Sale price was property tax value and I pay 4% interest and make a mortgage payment to him every month.
If you want to use your farm as retirement income, you'll have a hard time finding a place to earn 4% on the money you'd get from a cash sale.
The hard part (in our situation) was the passing of the torch as the operation's primary decision-maker.
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Today's Featured Article - Allis Chalmers ED40 - by Anthony West. Allis Chalmers as a tractor manufacturer in its own riht is but a memory. However the number of AC tractors still in existence today as either restored or unrestored examples is a testament to the quality of their products. This in itself is always apparent here in the U.K when attempting a purchase, as no matter what the model or condition the price will always be strong.
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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