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MN | If he/she is 18 have them buy it- You can never buy land to early in your career. That way in 10-15 yrs. they will have some equity to buy your farm. It may be the best retirement planning you do. There are all kinds of options for loans for young, beginning farmers- none of them are fun to deal with (paperwork). Operations that grow to bring in their kids are much more successful than one's that just wait to hand over the farm to their kids when they retire.
Edited by yam 9/1/2010 12:47
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good time to buy land?
