- Location
- Darlington
Went through the same decision process with trucks, over 10 years ago for almost the same reasons.Yup. Mainly mental toll. It was 15 years of shoving all the eggs in one basket. And quite a risky basket. But financially it was pretty decent. The tipping point is with every expanding business that there becomes certain pinch points. For me these were:
1) I'm not good with staff. Managing people is not a skill I have.
2) The balance between cold hard cash, and building assets. At certain points, you have to expand your kit before the land. This was combine for me. I wasn't willing to spend £350k on a combine early on in the bps / elms cycle when I only (on paper) had one year of my agreement left.
3) Paying staff double what you draw out as your investing in kit does not have much appeal to ones spouse - if you've ever told your Mrs that there's no holiday this year, while a also explaining the economics of a new tractor while trying to keep a straight face then you'll know what I mean. What my dad called "different money".
4) Mentally, it was pointed out that after doing my back again while shovelling out 50 year old bins full of barley was not going to end well. The panic attacks, nightmares, etc were pretty much signs that I was going to be in s hospital quite soon.
But, I essentially retired at 40 with my own little place ticking away. Raised two children and supported my wife's career. Drove some fun toys. Grew some big crops. Still do.
Very very few regrets.
Got to be careful not to do the same thing again.