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Southeast Colorado | I can't help but think that where you are on the generational food chain plays a LOT into how one views the importance of getting maximum return out of your investment.
I was just writing out a long personal story and decided to delete it. Instead I'll just abbreviate it and say that even though I'm a 2nd generation farmer............financially it's more so that of a 1st generation one.
I'm growing a little weary of the farm (not the farm life) but don't have a direct plan to pass it, or the opportunity of it anyway, down to any close family member. I can appreciate the desire to carry on a legacy in that regard.........but I cannot force it onto someone who's not asking for it. I do think that if I'm fortunate to keep everything together until I die, I'd rather pass on a physical asset to my two kids than cash. I'm old enough to realize that cash doesn't always make things better. In fact it can actually be somewhat detrimental at times. I've got no desire to mandate anything from the grave. But I would hope that as my kids age, they too become wiser with regards to understanding true wealth..........and how that is not always just in the form of money. Perhaps in 20 more years they'd have completely different thoughts and plans compared to where they are today at nearly 40 years old. And perhaps when they're 60 they'd just want cash and sell it. That'd be fine too. I sure can realize now that my desires have changed quite a bit over the last 20 years.
I realize I'm rambling a bit........so I'll wrap up. My point, is that if you find yourself in a farming legacy.......and you didn't start it..........I can see how that would possibly make you think differently than me. And so on and so forth. Many of us on this site are at those different stages.........and obviously will rank the importance of the value of cash vs hard assets differently.
Edited by tmrand 4/19/2026 09:55
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Beating the dead horse. Farm wealth......money vs physical assets.
