selling up

Flatlander

Member
Arable Farmer
Location
Lorette Manitoba
There's no way your children would want to come back and take over the farm when you retire?
Just curious as it seems from many of the threads on here, you're only worthy to take over if you're there from leaving school.
One thing I've noticed since living here is its very common for farming children to go off and have their own lives but then all get together and talk about the future when mum and dad want to step back. There's often at least one keen to have a go, money earned in their own career helps them set up. If no one wants to take it on the For Sale sign goes up.
Common situation here also. Kids get a great education paid for by the parents grafting and saving money from the farm. Kids take off to bigger and better paying easy jobs but when mum and dad want to retire the kids all circle like vultures thinking they can assume the farm for f all because they are doing it for the good of the family farm. Few years down the line parents are in an old folks home hearing how well the farm Sold Or worse still how the bitchy daughter in law has covered it with horses. 😡.
 

Lowland1

Member
Mixed Farmer
Common situation here also. Kids get a great education paid for by the parents grafting and saving money from the farm. Kids take off to bigger and better paying easy jobs but when mum and dad want to retire the kids all circle like vultures thinking they can assume the farm for f all because they are doing it for the good of the family farm. Few years down the line parents are in an old folks home hearing how well the farm Sold Or worse still how the bitchy daughter in law has covered it with horses. 😡.
Opposite situation here. I spent a fortune on education in order that my kids would leave the farm and get well paid jobs and they just won’t leave and if they do they keep coming back. I’d great dreams of them being investment bankers but they just want to work on the farm.
 

kiwi pom

Member
Location
canterbury NZ
Common situation here also. Kids get a great education paid for by the parents grafting and saving money from the farm. Kids take off to bigger and better paying easy jobs but when mum and dad want to retire the kids all circle like vultures thinking they can assume the farm for f all because they are doing it for the good of the family farm. Few years down the line parents are in an old folks home hearing how well the farm Sold Or worse still how the bitchy daughter in law has covered it with horses. 😡.
Not really how it happens here I don’t think. It’s not so much just take over and cruise, it’s buy them out and take on the debt. Parents need money for retirement.
Every situation is different though.
 

Lowland1

Member
Mixed Farmer
Surely that is a success story?
Sorry that's a bit tongue in cheek. Yes it is good really unless I really did want to get out. The nice thing is they really do like farming it's not just because they like sitting on nice tractors they've done the mucking out pigs and stuff with my Dad. Having youngsters around pushes you i think.
 

DrWazzock

Member
Arable Farmer
Location
Lincolnshire
You as well!! Blimey!
What model have you trumped for @DrWazzock ??
Dominator 98 SL. Hydro. Seems tidy but who knows. Like all s/h machinery it won’t be perfect.
Another huge gamble.
In two minds really.
As above tempted to put the whole lot in stewardship, even sell up.
Brain presently completely addled by the Mrs and her medical problems.
 

Lowland1

Member
Mixed Farmer
Dominator 98 SL. Hydro. Seems tidy but who knows. Like all s/h machinery it won’t be perfect.
Another huge gamble.
In two minds really.
As above tempted to put the whole lot in stewardship, even sell up.
Brain presently completely addled by the Mrs and her medical problems.
I’m suprised you didn’t go for the 1999 108 that Claas Eastern had for a mere £39,995.
 

DRC

Member
I’ve come to the conclusion it’s not the farm that’s the problem. It’s all the problems with the Mrs that are blighting everything. Not entirely her fault but it really is clouding my judgement.
Why not let it out to your cousin for a year or two, until things resolve themselves.
You could still potter and fettle your machinery without the stress of growing the crops.
 

Flatlander

Member
Arable Farmer
Location
Lorette Manitoba
Opposite situation here. I spent a fortune on education in order that my kids would leave the farm and get well paid jobs and they just won’t leave and if they do they keep coming back. I’d great dreams of them being investment bankers but they just want to work on the farm.
I’d love it if my kids take over but neither seem the least bit interested, girls and grain just don’t seem to gel like boys would.
 

Lowland1

Member
Mixed Farmer
I’d love it if my kids take over but neither seem the least bit interested, girls and grain just don’t seem to gel like boys would.
The trick is not to give them much choice. Obviously boys are keener on machines but with my daughter it has just been ‘can you give me a hand i need a bit of discing or mowing etc’ no pressure. She helps her mum now with the agronomy and paperwork quite willingly. I think to encourage kids it’s a case of choosing the middle ground using them as free labour ends up being countproductive but also leaving them in the house etc when there’s work on might say they aren’t wanted. We’ve always let our two know that the farms where the money comes from and sometimes life gets hard. Whilst i joke about how i didn’t want them back i really am very happy their keen. However maybe if all the future held was holding a muckfork them maybe they wouldn’t be so keen.
.
 

Hilly

Member
The trick is not to give them much choice. Obviously boys are keener on machines but with my daughter it has just been ‘can you give me a hand i need a bit of discing or mowing etc’ no pressure. She helps her mum now with the agronomy and paperwork quite willingly. I think to encourage kids it’s a case of choosing the middle ground using them as free labour ends up being countproductive but also leaving them in the house etc when there’s work on might say they aren’t wanted. We’ve always let our two know that the farms where the money comes from and sometimes life gets hard. Whilst i joke about how i didn’t want them back i really am very happy their keen. However maybe if all the future held was holding a muckfork them maybe they wouldn’t be so keen.
.
So you wamt them to farm but not at the coal face.
 

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