Friday, August 10, 2007

I read Loos Lipps this a.m. and seen what the comment by a listener about "old guys dont care and want $ and no taxes". I assume he was a younger guy like myself. I do see his point though. Recently a dairy sold here for 15k+/ac to a "berry farm"(and ..other "cash" crops). The dairyman spent the last 6 years grooming his son-in-law to take over. Then when the boy went into the banker to start the process of purchase the banker said "...the farm sold last month were you been?". My cousin (the son-in-law) was devastated. Years of 60hr weeks and 40hr pay wasted. Hours of picking the right genetic now all slaughterd on the buy out. Now this is rare that the old fellow was sucha s.o.b. but it is his farm he built from nothing 30 years ago. He told me that he could nevr pencil the kid makig payments to him b/c of his debt load and retireing like he wanted. Your reader is right about 20% of the time I would think. The older generation worked harder and dirtier than my generation and wants the rewards for their dilligence. Who does not want full price? Few farmers would rather have big money than a strong legacy. Now if the family I wrote of would of started a buyout plan 6 years ago they all probly could of got what they wanted. $ to retire and a lift to get started. The # one reason we see dairies fail in familis around here if flat out lack of famiy communcation and planning. I know most farmers would rather see their next of kin farm but I think most think "why do I want them to go though this crap?". Most of us would rather see hay/corn fields than houses on our property's horizons.

See You
Troy Lenssen

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