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Farm Business
Agricultural Matters
Farmer Roy's Random Thoughts - I never said it was easy.
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<blockquote data-quote="Crofter64" data-source="post: 6549819" data-attributes="member: 87060"><p>I would argue that it’s not so much where you were born but how much character and pluck you have . Inherited wealth is a mixed blessing and doesn’t seem to bring as much happiness as you’d imagine. Even in farming. A friend of mine gave his son 50% ownership of the farm when the boy was around 22. He went from weekly salary to owning a million dollar plus operation and his spending went through the roof-machinery they don’t need, registered cows rather than commercial. the list is endless The father can’t retire as planned ‘cause the son can’t cope with the expanded farm alone, and pretty soon theyare going to lose this farm to the debt burden created by the son and his non- working spendthrift wife. Too much, too soon, too easy.too sad.</p></blockquote><p></p>
[QUOTE="Crofter64, post: 6549819, member: 87060"] I would argue that it’s not so much where you were born but how much character and pluck you have . Inherited wealth is a mixed blessing and doesn’t seem to bring as much happiness as you’d imagine. Even in farming. A friend of mine gave his son 50% ownership of the farm when the boy was around 22. He went from weekly salary to owning a million dollar plus operation and his spending went through the roof-machinery they don’t need, registered cows rather than commercial. the list is endless The father can’t retire as planned ‘cause the son can’t cope with the expanded farm alone, and pretty soon theyare going to lose this farm to the debt burden created by the son and his non- working spendthrift wife. Too much, too soon, too easy.too sad. [/QUOTE]
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Farmer Roy's Random Thoughts - I never said it was easy.
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