Real Easy. Just tell them that you want to talk to them. Then when you are sitting together just tell them that you would like to have the right of first refusal to purchase the farm from them. This will get the ball rolling, so that you are not outright asking for a gift, yet you are not outright offering them top dollar. You need to have a rough outline of what your plans are, and it certainly wouldn't hurt to have your cousin included in some way so that you are not looking like you are trying to get it all for yourself. You will have to have many discussions, and if things move along be prepared to submit more and more detail. You will need to be prepared to give something for the farm, and feel real fortunate if they offer it to you for 75% of fair market value, because that would be a huge gift. I think that generally people like helping out a young person trying to start out, but usually they like to be given the chance to refuse payment as opposed to being expected to give some thing or some service away. You can also offer to purchase soon with them retaining the right to live there for the rest of their lives rent free. This can be very appealing to older people who would like to live out their days on the farm. Good Luck!
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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