Posted by Moresmoke on March 09, 2017 at 14:40:22 from (216.196.78.120):
In Reply to: Trust fund farmers posted by NY 986 on March 09, 2017 at 12:29:19:
The fastest way to make a small fortune in farming is to start with a big one!
That said, I don't know of any trust fund farms in this area, but there is definately some old money out there. Some of this old money makes new money on a regular basis, some of it is slowly being drained down, and a lot of it probably disappeared in the '80s.
It is not that uncommon for outside money to be invested in farms, whether it be from someone actively earning it, or from trusts as you describe. Even if the trust just covered the real estate expenses and kept the "farm" going for the historical aspect, a tennant farmer could do quite well off the crops/livestock. One can make a profit on farming if you are not continually investing in real estate.
Here in the west, the Hutterites are at a big advantage not hving to buy the farm again every generation. The working age folk do have to support their elders, but they don't ever have to start from scratch again.
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