Re: Just lazy Sunday pondering

Posted by centash on November 06, 2016 at 09:16:59 from (67.220.47.251):

In Reply to: Just lazy Sunday pondering posted by rrlund on November 06, 2016 at 07:50:30:

Faced the same dilemma myself a few years ago. The milking herd left about 10 years ago due to ongoing but manageable health issues, so I custom fed about 100 dairy heifers from 6 months to calving.Used all the same equipment changed the barns around a bit. At the magic age of 60,almost 3 years ago, I could apply for an early pension, but didn't. At that time, both silo unloaders needed replacing and both silos needed replastering... not cheap. So, I made the decision to let half the heifers go, and quit filling silos, and just feed round bales. My wife said find something to do since I Don't want you hanging around the house all day.....so , I picked up some part time work driving a school bus...fitted into the schedule not to bad. This year, my wife and I decided to do some more things ...such as travel... together away from the farm. So, I share cropped the other farm ... 100 acres... with my nephew and farmed the home 100 acres myself. Worked out pretty good, he does use my equipment, and helps here with my crop. I didn't want to sell all the equipment, for tax reasons, at once, and this gives him a chance to buy equipment in over time and for me to dispose of it as I see fit. The only thing that bugs me is seeing his White 2-105 on my field instead of the Deere,lol! So, as I approach that cash for life age, he has the option of farming all my acres ...200... plus his own 200...in a few years if I want to or have to quit completely. Selling the farms is not an option at this time, my wife and I can live comfortably but not excessively on our potential pensions plus the share crop income, and hope to leave the farms to our three daughters who currently have no desire to farm. It's not easy to wind down after 40 years, but you have to be realistic and know that your ability to farm will likely slow down and that there is much more to life than that on your side of the fence. We only get to go around on this old world once, so do what you can to fill your wants and needs with your significant other, whatever they may be. Good luck with your pondering, there will be lots more, I'm sure! Ben

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