Here is my opinion and questions. You and Dad need to sit down and have a SERIOUS Heart to heart talk!! If you want to take over the farm and your Dad wants you to take over the farm, he is going to have to HELP YOU!! How many siblings are going to want their share the day after Dad passes away? You mentioned your Dad and Uncle farmed together, are they partners or just trade work on separate farms? If they farm together is he still receiving income from the farm? Does Uncle have kids that will want his share the day after he passes on? Most guys your age have been a integral part of the farm since they were tall enough to drive a tractor. Have you been helping out all along or did you just get interested after high school? If you plan to take over, you need Dad to keep you in the loop of what is going on, carry a note book and pen, take notes!! If he owns most of the land and doesn't have a large debt, he has a Million dollars or so invested, you can't just buy him out tomorrow. Dad, Mom and you NEED to talk to an estate planner NOW, not tomorrow, not next month or next year!! Dad needs to start giving you responsibilities now so he can guide you along to a successful transition of the farm ownership. Any siblings need to know what is going on, EVERYTHING and I mean EVERYTHING needs to be written down and signed by all parties involved. Not trying to put you down, you have a fantastic opportunity to farm, but it will take work and co-operation from all parties involved. Verbal agreements are only worth the paper they are written on. Good luck, talk to Dad and Mom together. Hope you get things worked out. Chris
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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