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Re: Re: Re: Re: Re: Ideas on purchasing a farm
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Posted by Mike (WA) on December 10, 2003 at 18:18:45 from (209.213.155.96):
In Reply to: Re: Re: Re: Re: Ideas on purchasing a farm posted by dhermesc on December 10, 2003 at 13:20:19:
My point exactly- We all know that even the "preservation farms" will cease to be so, when the city surrounds them- and by that time, they will be worth so much for developement you'll have to fight off the offers. Property taxes in most jurisdictions can go unpaid for three years, which gives plenty of time to come up with a good sale. I'd be happy to foul up my estate plan by becoming a millionaire, and as for the farm plan, most of us just want to keep afloat, so selling for a bazillion would work in with the plan just fine. I came to know of two dairy farmers in a county about 70 miles from my home- they lived across the road from each other. One was an excellent operator, always near the top in production, farm as neat as a pin. Other, shall we say, marched to a different drummer. Of course, when the county zoning came out, the road was the dividing line between the commercial zoning and ag zoning, and the mediocre operator ended up commercial (ain't there no justice?). They sold their 200 acres for $65,000 per acre, and the old folks and their son bought 3, count them 3, farms in my area. Meanwhile, my nephew married their granddaughter last summer, and he hasn't a clue that he married anyone other than a charming young lady who lets him go hunting when he wants. I gotta smile everytime I see the happy couple.
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