Ask Steve Dave Farm And Cow And Ranch And Tractor And Truck Related Questions

[steve dave]

I can assure you I’m selling both an absolute truckload of farmland and an undetermined amount of Bitcoin in my lifetime

[Stupid Fitz]

I can assure you I’m selling both an absolute truckload of farmland and an undetermined amount of Bitcoin in my lifetime

 

or you could keep both and just work a bunch of extra years and bitch about things being a real pain in the ass?

[IPA4Me]

I can assure you I’m selling both an absolute truckload of farmland and an undetermined amount of Bitcoin in my lifetime

I will hodl my Bitcoin until I have enough to pay the horse farm note in full.

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[KST8FAN]

Sounds like we may need a new to farmland investing thread.  Our family is facing decisions on what to do too. 

We did a small 1031 exchange last year just to get our feet wet.  We sold farmland, and bought... farmland. 

However we went from 80 with 25 tillable on a rock road to 60 all tillable on a blacktop road with houses on 3 sides. The kids can sell it for houses when I am gone.

The sentimental part is the hardest.  Its more fun telling the grandkids this is the 80 I learned to drive a tractor and a stick shift transmission truck on versus hey, kids, we own a warehouse leased to FedEx for 10 years with a 5 percent cap rate.

I kind of know how the farm game works.  Take your rent and watch it get more expensive over time. 

The boys have talked car washes, apartments and I want nothing to do with it.


Tom

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[steve dave]

ben ji, talk to your dad about apartments and car washes immediately. for the content.

[schreds21]

ben ji, talk to your dad about apartments and car washes immediately. for the content.

[schreds21]

One of Grandpa Schreds' favorite sayings was, "they'll never make more land."

[wetwillie]

Farmland is way sexier than crypto, at least to this cat fan.

[IPA4Me]

Farmland is way sexier than crypto, at least to this cat fan.

I have 10 acres and will eventually own the other 150 or so around me. Patiently building the land empire for the kids to squander.

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[sys]

seems like a pretty significant chance ben ji's father would lose some or all of the proceeds in unfortunate investments if he were to sell the cat ranch.

[Spracne]

seems like a pretty significant chance ben ji's father would lose some or all of the proceeds in unfortunate investments if he were to sell the cat ranch.

I'm jealous of all these cats who can implore their dads to never sell the land. Then, in the fullness of time, you can immediately sell that bitch once it's yours.

[CHONGS]

Farmland is way sexier than crypto, at least to this cat fan.

Wait until you can use NFTs to buy virtual farm land.  Best of both worlds.  Get that cyberbeef.

[wetwillie]

Farmland is way sexier than crypto, at least to this cat fan.

I have 10 acres and will eventually own the other 150 or so around me. Patiently building the land empire for the kids to squander.

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Something about putting your bare feet on the turf you own is hard to beat.  But I’m a bumpkin so I get it’s not the same for most.  My family has 1000’s of acres of farmland in central KS that I think will probably at least make it another generation which is pretty remarkable.

[IPA4Me]

Farmland is way sexier than crypto, at least to this cat fan.

I have 10 acres and will eventually own the other 150 or so around me. Patiently building the land empire for the kids to squander.

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Something about putting your bare feet on the turf you own is hard to beat.  But I’m a bumpkin so I get it’s not the same for most.  My family has 1000’s of acres of farmland in central KS that I think will probably at least make it another generation which is pretty remarkable.

My family hasn't farmed since early 1900s. Great grandparents born on farms and headed to cities.  Maybe my kids will takeover the breeding farm when I retire.

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[steve dave]

My family is current 4th gen KS ranchers which is about the most generations you can get without some weirdness. I comment a lot about selling but I almost certainly won’t, it’s in our blood. And obviously I’d just be selling to another bro and I’m not being that downgrade when we all grew up there.

[ben ji]

ben ji, talk to your dad about apartments and car washes immediately. for the content.

He has already mentioned running an AirBnB out there and I stumbled across these random AirBnBs in the area so maybe it's a hipster thing to stay in old ass farm buildings during road trips?

https://www.benflyin.com/

[KST8FAN]

My family is current 4th gen KS ranchers which is about the most generations you can get without some weirdness. I comment a lot about selling but I almost certainly won’t, it’s in our blood. And obviously I’d just be selling to another bro and I’m not being that downgrade when we all grew up there.

The cousin who farms our place... his dad used tell us boys it's the 3rd generation who squanders the inheritance looking directly at us.  I guess it depends on when you start counting.


Tom

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[ben ji]

seems like a pretty significant chance ben ji's father would lose some or all of the proceeds in unfortunate investments if he were to sell the cat ranch.

This is a very valid point but thankfully there is a zero percent chance he sells it unless he uses it as collateral to buy more land and get in over his head which doesn't seem likely now that he realized he is a shitty farm manager. (But great cat rancher, in fact he picked up a new cat from the Colby vet when he was out there...I'm guessing he has open orders to be filled for any stray cats people want to get rid of)

[ben ji]

My family is current 4th gen KS ranchers which is about the most generations you can get without some weirdness. I comment a lot about selling but I almost certainly won’t, it’s in our blood. And obviously I’d just be selling to another bro and I’m not being that downgrade when we all grew up there.

The cousin who farms our place... his dad used tell us boys it's the 3rd generation who squanders the inheritance looking directly at us.  I guess it depends on when you start counting.


Tom

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That is the way to do it SD. The cat ranch isn't a direct 4th generation KS ranch, bounced around my grandmother's side of the family for 70 years until my grandparents bought it in the 70's when the heirless great aunt or something passed away ( was a closed bid between people related to her) then they added some acreage to it.

The only way I would consider selling the cat ranch (once I inherit it as the oldest male Ji) would be if a younger relative was still farming but all the kids and their kids have moved off to the big city to talk on the phone and send emails for a living.

But who knows, in 20 years I might liquidate that land to invest in some Obama coins.

[Stupid Fitz]

My family is current 4th gen KS ranchers which is about the most generations you can get without some weirdness. I comment a lot about selling but I almost certainly won’t, it’s in our blood. And obviously I’d just be selling to another bro and I’m not being that downgrade when we all grew up there.

I guess it really just depends and I get both sides. If I'm in my 60's and pretty much set and I have something I could sell that would make my kids and grandkids live's like way easier/better, I would sell the eff out of it though. I'm devoid of pretty much any emotional type attachments though. 

[Sandstone Outcropping]

It is wild how old farmers are. I know a fellow Gen Xer who just earned a "young farmer of the year" award. In what other career field are you considered "young" in your 40's?

[RickRampus]

Are these good ones, Tom? I grabbed a couple from my grandpa's basement.

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[steve dave]

It is wild how old farmers are. I know a fellow Gen Xer who just earned a "young farmer of the year" award. In what other career field are you considered "young" in your 40's?

Ranching. But irl there is no “next generation” of farmers. It dies out fairly soon. There isn’t a need for it and the “victim” is going to be rural communities. Though there isn’t much need for most of them either for the same reason. It sucks…..but does it? Or is that just us talking who grew up there? I don’t know.

[Kat Kid]

It is wild how old farmers are. I know a fellow Gen Xer who just earned a "young farmer of the year" award. In what other career field are you considered "young" in your 40's?

University Professor

[KST8FAN]

Are these good ones, Tom? I grabbed a couple from my grandpa's basement.

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Those are in great condition.  They have been on a shelf.  I am guessing grandpa owned the real versions of both?


Tom

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