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Tips for making Father/Son Farm Partnership work
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steelguitar
Posted 9/3/2014 13:54 (#4053813 - in reply to #4053755)
Subject: RE: Tips for making Father/Son Farm Partnership work


Dougherty, IA
I understand that, and I agree that most don't have 2 nickels to rub together. However, if you are working and saving towards a goal as part of a plan, you can put money away to invest in the farm.

I also said to live on the income from the 9-5 and reinvest all farm profits.

It all depends on your income level and expenses. My wife and I are both blessed with good paying jobs. We live on one income, save the other income for a farm down payment, and re-invest all farm profits. We like this plan and it seems to be working well for us.

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