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Inheritance
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SHR4010
Posted 1/8/2026 16:18 (#11502079 - in reply to #11500967)
Subject: RE: Inheritance


live in Spfd, farm located NW Macoupin county
talk with your local high school ag teachers to seek out a young man or woman (present or past student) who would like to farm but does not come from a large farm that will just absorb your ground into a larger farm/corporation. Give a small guy a chance to get started. Have him or her come help you when you need some help and this will allow you to get to know them and determine if this person is "right" for your land.

When you are ready to retire, rent your ground to him at a reasonable rate and work out a deal with him to buy/use your equipment to give him a head start. It is likely that your equipment is still in useable condition and sized right for the operation and this will help him get started as well. Then make provisions in your will to include him as a major beneficiary. Again, you have helped him get started and your children will get something; it sounds like cash is what they are interested in and the farmland stays intact.

Give a little guy a chance and not let your farm get absorbed into a bigger farm/corporation. When you find this special person, get with an estate attorney to get the after-death transition planned out in detail.

Edited by SHR4010 1/8/2026 16:29
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