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Boss offered to let me buy into dairy
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jonas grumby
Posted 11/13/2018 12:26 (#7103464 - in reply to #7103427)
Subject: RE: Boss offered to let me buy into dairy


Northern Illinois
I do not know the dairy business but from what I have read it is in tough shape now. At 40% you are a minority owner and subject to his whims. I would only consider this if you can get some sort of long term lease or buy option on the land. I would be concerned that he is looking for cheap labor or someone to inject cash into a cash strapped business. No one can tell you what to do. I think you need to see his actual books to get an idea if his business has been profitable. I have experienced getting a share of a swine operation in 2010 and the business sold in 2012. I am an Illinois dirt farmer and to me land is everything.
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