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<blockquote data-quote="Cropper" data-source="post: 5734586" data-attributes="member: 1147"><p>I don’t know which cloud cuckoo land you’re all living in if you think farming a small farm makes enough profit to :</p><p> (a). Live off</p><p>And (b) Pay off half (or three quarters or more) of the capital value of said farm to non farming siblings.</p><p></p><p>This is because the capital value of farmland is totally unrelated to its earning potential due to external factors like tax advantages and exchange rates. The reason this country has farms that are a decent size is because they have traditionally been left to only one offspring (usually eldest son) and not split up between numerous children over several generations so that each individual only owns a couple of acres here and there. </p><p>A more equitable way of leaving a farm would be to leave the land and buildings to the farming sibling, on the proviso that should it be sold in the future a share of the proceeds be given to the other siblings. </p><p>Any other non farming assets could be divided between the non farming siblings, if there aren’t any it’s probably a sign that the farm isn’t going to making huge profits.</p></blockquote><p></p>
[QUOTE="Cropper, post: 5734586, member: 1147"] I don’t know which cloud cuckoo land you’re all living in if you think farming a small farm makes enough profit to : (a). Live off And (b) Pay off half (or three quarters or more) of the capital value of said farm to non farming siblings. This is because the capital value of farmland is totally unrelated to its earning potential due to external factors like tax advantages and exchange rates. The reason this country has farms that are a decent size is because they have traditionally been left to only one offspring (usually eldest son) and not split up between numerous children over several generations so that each individual only owns a couple of acres here and there. A more equitable way of leaving a farm would be to leave the land and buildings to the farming sibling, on the proviso that should it be sold in the future a share of the proceeds be given to the other siblings. Any other non farming assets could be divided between the non farming siblings, if there aren’t any it’s probably a sign that the farm isn’t going to making huge profits. [/QUOTE]
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