Posted by Dave from MN on October 19, 2007 at 05:56:08 from (67.133.91.236):
A bit too bored this am so I thought I would ask this: Lets say you were willed a 400 tillable acre farm, with a 4 bdrm home, 60 stall pipeline dairy, a few small to large grain bins, and the ussual misc buiding most farm have. You were left enough cash to pay any inheritance tax and ended up with $50,000 left. You had no other debt or liabilities. Your family being what it is now and you current career the same what would you do and how would you farm, and for brand loyalty sake what would you farm with. This farm would come with your choice of machinery and livestock. Any future investments would need to be financed.Just for fun and to see the diversity of dreams and farm lifestyles
I would keep ownership of my breeder barn and exchange home rent for full time person to do what I do now, and they get the end of flock bonus. I would want to milk 40-60 cows, as long as my knees held up, and raise a few beef cows/feeders. Crops would be of course hay,small grain, corn and some soybeans, and all the ground would be worked with min tillage when possible and of course all IH equipment, OK I would have 1 Allis of the 7040 series( always liked the looks of em. I would not sell it, or rent it unless I was disabled and my kids did not want to take it over. Only major addition for me would be to build a chicken broiler barn to extra cash flow and manure, and contract it.
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