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| I know a young a couple, both in their early 20s; recently married. Both have great jobs, making great money. The husband has parents in agriculture that he works on the farm and maintains a constant presence there, while him and his wife also juggle 60+ hour work weeks. They don't own their own house yet; taking advantage of living below their means in a deceased relatives home rent free. I know them well, and know that they are both strong financially and have really great heads on their shoulders; they're both really great kids who I wish nothing but the best for.
With that being said, they want to get started in farming, while also trying to start a life together. If they went a bought a small farm, the husband has his parents to fall back on for equipment help and labor, until he obviously could acquire enough equipment on his own to do what he needs to do. To me, it sounds like their venture into agriculture is the dream and the wife fully supports it. I believe the ultimate goal is to farm alongside the parents and farm together, much like they do now, except none of it is the son's, it's all belongs to the parents and the son just helps for the love of it. In my eyes, looks like the son would like to have something of his own that he could work and maintain, like his dad does his own farm. They both would like to build a house for their "forever home" in the future, but are willing to put that on hold for longer, if the right opportunity knocked o their door and they needed to jump on it. I'm curious as to how if you had started out in a similar situation, how would you have done it? Would you encourage them to find a piece of ground locally and farm off of that and make do however they could? Would you start a life together with your spouse first, and put farming on the back burner in order for your new family to start off on a strong foot? Would you wait until ground that exists elsewhere in the family comes up for sale after their passing, and should they try to compete other family members (or other farmers) for that farm? Would you just continue farming with your parents enough to "scratch the itch" and maybe hope one day to take it over?
I'd appreciate any advice on the matter. Everyone's situation is unique, and obviously there is a lot of information left out, but for the sake of the argument, how would you do it? I don't have the best advice, so looking for some insight on others looking in. Appreciate anything anyone would have to give | |
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What Advice Would You Give to a Young Couple Trying to Start Farming?
