| Author |
 Topic Search  Topic Options
|
Pa'sOldA/C 
Silver Level
Joined: 21 Oct 2010
Location: missouri
Points: 134
|
 Post Options
 Thanks(0)
 Quote  Reply
 Topic: Farm Is Gone
Posted: 07 Apr 2012 at 8:07am |
After 62 years in the family the farm has been sold. The D-17 went to the farm hand's son who is going to restore it ( Grandpa bought it brandnew). The old D-19 LP went several years ago the motor locked up. But I bought me a D-19 gas and the grandparnts left me 10 acers. Thats enough to play with my tractor and animals. It's a shame when family thinks more of money than there past and don't look to the future. Because they sure aren't making anymore land. I'm not the first and I won't be the last person togp thru this. When there money is gone I'll still have my 10 acers and I don't owe a penny on it. Just had to vent for a min. Hope everybody has a good Easter Weekend.
Jim
|
 |
|
Sponsored Links
|
|
|
Brian S(NY)
Orange Level
Joined: 13 Sep 2009
Location: CherryValley,NY
Points: 3380
|
Post Options
Thanks(0)
Quote Reply
Posted: 07 Apr 2012 at 8:12am |
Sad day, but at least you have a peice of it. I have a peice of my great grandpas farm. Greedy relatives seem to want to take it away but they never will.
|
|
God made man.Sam colt made man equal.
|
|
FloydKS
Orange Level
Joined: 12 Sep 2009
Location: S E Kansas
Points: 8396
|
Post Options
Thanks(0)
Quote Reply
Posted: 07 Apr 2012 at 8:13am |
|
Jim...and a happy Easter to you, may we rise with Him. Where I grew up is not sold yet but we the kids are looking into it. there are 8 of us, so you can imagine the differences of opinion...so I know a little of what you are going thru... Glad to hear you got your little part and will take care of it.
|
|
ky wonder
Orange Level
Joined: 13 Apr 2011
Location: horse cave, ky
Points: 647
|
Post Options
Thanks(0)
Quote Reply
Posted: 07 Apr 2012 at 9:10am |
|
i am sorry to hear that the family farm was sold, i can relate, 450 left of what started out as 2500, save your pennies and someday maybe you can buy it back
|
|
i like old tractors of all colors
|
|
Stan IL&TN
Orange Level
Joined: 13 Sep 2009
Location: Elvis Land
Points: 6730
|
Post Options
Thanks(0)
Quote Reply
Posted: 07 Apr 2012 at 9:23am |
You can have a bunch of fun with 10 acres and glad you got the D19.
I'm lucky that I have such a great sister. When we got the farm from our folks she decided to give her half to my daughters after her death so we set up the farm in a trust so that they will get the farm when they turn 35 years old. That should be long enough so that they have matured enough to know what they have. They may still sell the farm as they didn't grow up there but as long as me and sis are alive the farm will stay as is.
|
|
1957 WD45 dad's first AC
1968 one-seventy
1956 F40 Ferguson
|
|
John (C-IL)
Orange Level
Joined: 11 Sep 2009
Location: Illinois
Points: 1654
|
Post Options
Thanks(0)
Quote Reply
Posted: 07 Apr 2012 at 12:44pm |
 Pa'sOldA/C wrote:
When there money is gone I'll still have my 10 acers and I don't owe a penny on it. Just had to vent for a min. Hope everybody has a good Easter Weekend.
Jim |
I can't begin to tell you how many times I have seen that, sell the farm, pay the taxes, split up what is left after lawyer fees and a few years later the farm and the money are gone. I know the income is small when it is divided up, but the asset never goes away.
Have a happy Easter and enjoy your little farm.
|
|
Ted J
Orange Level
Joined: 05 Jul 2010
Location: La Crosse, WI
Points: 18943
|
Post Options
Thanks(0)
Quote Reply
Posted: 07 Apr 2012 at 2:11pm |
|
You have a piece of God's "Heaven on Earth". Enjoy and cherish it, you're right about being happy down the road when their money is all gone. You'll have the greatest part of all.
|
|
"Allis-Express"
19?? WC / 1941 C / 1952 CA / 1956 WD45 / 1957 WD45 / 1958 D-17
|
|
mdm1
Orange Level
Joined: 12 Sep 2009
Location: Onalaska, WI
Points: 2678
|
Post Options
Thanks(0)
Quote Reply
Posted: 07 Apr 2012 at 6:06pm |
|
Unfortunately if someone didn't sell the land someone like me would not have their own piece. But I do understand the feeling of losing something that has memories!
|
|
Everything is impossible until someone does it! WD45-trip loader 1947 c w/woods belly mower, 1939 B, #3 sickle mower 1944 B, 2 1948 G's. Misc other equipment that my wife calls JUNK!
|
|
gary ny
Orange Level
Joined: 11 Sep 2009
Location: verona ny
Points: 361
|
Post Options
Thanks(0)
Quote Reply
Posted: 07 Apr 2012 at 6:16pm |
|
I have gone through the same thing and its been 30 yrs now but it never goes away.The only thing that you can hang on to is all the good memories from those days.There is not a day goes buy that something trigers a good memorie that brings a smile to my face .But I do not drive by where the old farm was because its been built up into houses and part of its a gravel bed the big old maples are gone ,there is nothing that even looks the same ,
|
|
CTuckerNWIL
Orange Level
Joined: 11 Sep 2009
Location: NW Illinois
Points: 22825
|
Post Options
Thanks(0)
Quote Reply
Posted: 07 Apr 2012 at 6:27pm |
|
There were 8 in my family so the farm land was sold off after Dad passed but 4 of us kept the 10 acre pasture where the house was and grandmas house is still there along with the Old barn and a garage and corn crib my grandpa built.
|
|
|
|
cadcorey
Silver Level
Joined: 21 Oct 2011
Location: pa
Points: 69
|
Post Options
Thanks(0)
Quote Reply
Posted: 07 Apr 2012 at 7:01pm |
I'm sorry to hear about losing your farm. My wife and i have been lucky enough to buy here family farm. Last year it became a century farm, being in their family for at least 100 years. We know how hard it would be to see the farm you grew up on turn hands to someone else. I will share a picture of the sign i made for her gram to show off her farm. As you can see it is alot bigger than the ones you spend $250 for. The picture is with gram on the right and my mother-in-law, my wife, and myself on the left.
|
|
Hubert (Ga)engine7
Orange Level
Joined: 12 Sep 2009
Location: Jackson Cnty,GA
Points: 6468
|
Post Options
Thanks(0)
Quote Reply
Posted: 07 Apr 2012 at 7:15pm |
|
Jim, sorry to see the farm sold. At least you have ten acres to hang onto. I still have the farm I grew up on. I hope my daughter and granddaughter will keep it after I am gone. The land has been in the family for well over 100 years.
|
|
Just an old country boy saved by the grace of God.
|
|
JohnGinNC
Orange Level
Joined: 11 Sep 2009
Location: Stockton, Md
Points: 5127
|
Post Options
Thanks(0)
Quote Reply
Posted: 07 Apr 2012 at 7:24pm |
|
Corey - Where's the bluestone from?
|
|
Since they want to remove Liberty,
Shouldn't they be called "Regressives"?
|
|
cadcorey
Silver Level
Joined: 21 Oct 2011
Location: pa
Points: 69
|
Post Options
Thanks(0)
Quote Reply
Posted: 07 Apr 2012 at 7:27pm |
|
It came from the quarry right here on the property.
|
|
Ethan Souerdike
Orange Level
Joined: 20 Feb 2012
Location: Indiana
Points: 1387
|
Post Options
Thanks(0)
Quote Reply
Posted: 07 Apr 2012 at 7:59pm |
|
I am vary sorry to hear that.
Edited by Ethan Souerdike - 07 Apr 2012 at 7:59pm
|
|
If the women don't find you handsome, they should at least find you handy.
|
|
Pa'sOldA/C
Silver Level
Joined: 21 Oct 2010
Location: missouri
Points: 134
|
Post Options
Thanks(0)
Quote Reply
Posted: 08 Apr 2012 at 6:29am |
Thanks for all the kind words, I'll always have the memories of the farm. The hardest part is seeing how my aunt and uncle did my dad. We have gone from a close family that backed each other up, to a family that won't speak. Only time will tell how things will turnout. The only thing for sure this is not what my grandparents wanted. I'm just glad they are not here to see how the family has split over this.
Thanks again for all the kind words.
Jim
|
|
Jim Lindemood
Orange Level
Joined: 22 Sep 2009
Location: Dry Ridge, KY
Points: 2569
|
Post Options
Thanks(0)
Quote Reply
Posted: 08 Apr 2012 at 11:13am |
|
See this happen from time to time - can create some real friction in some families - especially when the kids have no ties to the land or interest in working it. Sad, but as mentioned above, it does make land available to some one who wants it and appreciates it. Trying to talk to my kids and work things out before they have to deal with it. Get some interesting responses.
|
|
JayIN
Orange Level
Joined: 18 Dec 2009
Location: SE/IN
Points: 1982
|
Post Options
Thanks(0)
Quote Reply
Posted: 09 Apr 2012 at 11:47am |
|
Nursing Home got Dad's 300 acres. Know how you feel.
|
|
sometimes I walk out to my shop and look around and think "Who's the idiot that owns this place?"
|
|
SHAMELESS
Orange Level
Joined: 13 Sep 2009
Location: EAST NE
Points: 29486
|
Post Options
Thanks(0)
Quote Reply
Posted: 09 Apr 2012 at 9:29pm |
|
well...pa's....i know the feeling....had a phone conversation with the brother today....seems that they are called stock holders now and not family! soooo....as of the hour...i no more have a family, all they want is money! they want to raise my cash rent 150% from last year! i told them that wasn't gonna happen as the average rent only rose 21% from last year in the state of Ne. he didn't believe it so i told him to check usda on the puter! theis is after he just spend 1.3 million dollars on his 3rd house in steamboat! they just can't stand to see me happy with my little organic hobby farm! soooo...i told him and his other stockholders (siblings) to buy me out...he said this is the end of the phone call!! lol %^#$%^#$#%^3 him!
|
|
Dave in il
Orange Level
Joined: 22 Sep 2009
Location: Manville Il
Points: 1748
|
Post Options
Thanks(0)
Quote Reply
Posted: 09 Apr 2012 at 9:52pm |
|
Shameless, I know what you mean, been in the same situation. With my inlaws the often repeated phrase was "Nothing personal, just business." So we partitioned and did a 1031 exchange with our share, and don't have anything to do with them anymore. Nothing personal...
|
|
AGCO My Allis Gleaner Company
|
|
Mike ( WI )
Bronze Level
Joined: 12 Sep 2009
Location: Watertown,WI
Points: 39
|
Post Options
Thanks(0)
Quote Reply
Posted: 09 Apr 2012 at 10:22pm |
As long as this subject is going, I would like to run you all by this for your opinions.. My Dad passed away this last October, he was 2 days short of his 90th birthday he hadn't farmed anymore for sometime and the land is rented out for sometime now also, so my mom is here by herself and come stay with her nights, the farm is 49 acres, 46 acres is a workable land no wooded area or wet land, it is all tiled and ditched. I am trying to keep the 3 acres which the house and the buildings sit on and have her sell off the rest, I have 4 sisters that don't show any intrest in the farm what so ever and thinks she should sell the whole works leaving me with nothing, I want to hold on to this, my mom is going to be 87 this month and is in fairly good health, I would like to know how I can save this farm if she happens to end up in a nursing home, if I were to have a land contract on it would that save the farm from going to the nursing home ? I can't afford to buy it but if I can have a land cotract with terms of some sort would help ? I am the only one out of the 5 kids that do alot for my mom and when my Dad was alive they did crap or nothing and I call them and beg and pled that they should take turns with me staying with her nights but they won't do it so I figure I take it in my own hands now when it comes dealing with the farm. Sorry this was lenghty but I just have to vent to somebody. any opinions anyone has feel free to contact me. Thank you for listening
|
|
Dave in il
Orange Level
Joined: 22 Sep 2009
Location: Manville Il
Points: 1748
|
Post Options
Thanks(0)
Quote Reply
Posted: 09 Apr 2012 at 11:02pm |
|
You know it depends on what your Mom wants. If she is of sound mind you can talk to an attorney about how you can shield at least some of the land and other assets. She may recognise you're the one that is caring for her on a dailey basis but still wants to be "fair" to your other siblings, even if that's not what you want to hear. It's a b1tch being a parent some times. If she is not able to comprehend what is involved then you're probably up a creek without a paddle.
Edited by Dave in il - 09 Apr 2012 at 11:03pm
|
|
AGCO My Allis Gleaner Company
|
|
SHAMELESS
Orange Level
Joined: 13 Sep 2009
Location: EAST NE
Points: 29486
|
Post Options
Thanks(0)
Quote Reply
Posted: 10 Apr 2012 at 2:24am |
|
Mike i don't see how it wouldn't work with the land contract, (just don't miss one single payment) it's a legal binding contract to buy a piece of property! just for a thought...if you make payments to her, and she passes, you still have to make payments...but to who? sisters? i'd write into the contract where that money will go. a charity? or maybe the rest be gifted to you? or maybe gifted to you,wife,kids,individually....that may be better with taxes! then the money (what's left) that has already been paid can be divied up amongst ya'll! just some ideas...don't know the laws of your state.
|
|
SHAMELESS
Orange Level
Joined: 13 Sep 2009
Location: EAST NE
Points: 29486
|
Post Options
Thanks(0)
Quote Reply
Posted: 10 Apr 2012 at 2:27am |
|
Dave!! that's a good idea!! thanks! i'll mention that next time he brings his head outta his *ss! never thought about the 1031!
|
|
mtanut
Orange Level
Joined: 13 Sep 2009
Location: sandy lake, pa
Points: 545
|
Post Options
Thanks(0)
Quote Reply
Posted: 10 Apr 2012 at 4:25am |
|
The more I read, the more blessed I feel. I was very lucky my family wanted to see the farm stay in the family. I feel for you guys, good luck I hope it works out for you.
|
|
I have a 185 Allis, 6060 Allis, Model K gleaner, SMTA ferg 35, ferg 20 (paps first tractor, Allis B (wife's)John Deere 240 skid loader and a bunch of the usual farm stuff.
|
|
mdm1
Orange Level
Joined: 12 Sep 2009
Location: Onalaska, WI
Points: 2678
|
Post Options
Thanks(0)
Quote Reply
Posted: 10 Apr 2012 at 6:35am |
|
This is a very touchy subject. I can understand someone who has no interest in the land wanting to sell it. Land is a very valuable thing right now. I also know some people have a personal attachment to the land. Best thing to do is to spend a few dollars and go to an attorney to see what your options are. Trust me a lot of this can be avoided with proper preparation. Have your parents convey to the attorney just what their wishes are. As far as losing the farm to a care facility one has to remember that the care was for your parent. I would make that sacrifice to see that my father or mother was given the care they needed at that time in their life. Granted it would be heartbreaking. I am going to see that my land can stay in my family if that is what they want. I apologize for the length of this but I am going through this with my folks land and my own at this time.
|
|
Everything is impossible until someone does it! WD45-trip loader 1947 c w/woods belly mower, 1939 B, #3 sickle mower 1944 B, 2 1948 G's. Misc other equipment that my wife calls JUNK!
|
|
Jim Lindemood
Orange Level
Joined: 22 Sep 2009
Location: Dry Ridge, KY
Points: 2569
|
Post Options
Thanks(0)
Quote Reply
Posted: 10 Apr 2012 at 6:57am |
|
Unfortunately, the tax code can make these decisions even more difficult. It is great when it all works out and everybody is happy. It is so sad when it ends up fracturing a family, and does all too often. Mike has it right -- bite the bullet and have the hard discussions with parents and siblings ahead of time -- seek a lawyer and review options - and try to make a plan. The biggest hurdle frequently is the parents - which can be difficult , but will only get worse as they age --- been there done that. Once the family splits -- it is bitter and usually forever.
|
|
Stan IL&TN
Orange Level
Joined: 13 Sep 2009
Location: Elvis Land
Points: 6730
|
Post Options
Thanks(0)
Quote Reply
Posted: 10 Apr 2012 at 7:25am |
|
Dad and mom sold us the farm with the stipulation that they would retain the right of living on the farm for life and retain all the property rights as if they still owned it. I believe $1 was exchanged so when they passed me and my sister already owned it and no lawyer was involved other that the initial purchase. Capital gains would eat us alive if we ever sold the farm but since that will never happen, it didn't matter to us. Just another option.
|
|
1957 WD45 dad's first AC
1968 one-seventy
1956 F40 Ferguson
|
|
John (C-IL)
Orange Level
Joined: 11 Sep 2009
Location: Illinois
Points: 1654
|
Post Options
Thanks(0)
Quote Reply
Posted: 10 Apr 2012 at 9:24am |
Estate planning, estate planning, estate planning! I know those can be fighting words and the advice to have an attorney AND an estate tax planner can not be emphasized enough. The time to plan is now before life interferes with the hopes and dreams of everyone involved. As circumstances change you can change the plan if you start early enough. My wife and I are facing this now, what to do with the farm. Both sons have great jobs and probably no desire to farm. Their desire for farm ownership and keeping the "home" place that has been in the family for three generations however may not be so clear. Talk it out before decision time. If you are an heir I know that opening these discussions with your parents, siblings and other stake holders may be difficult but they must be done or there will probably not be a happy ending. Sorry for the soap box, but if it is important to you it's time to act NOW!
|
|
mdm1
Orange Level
Joined: 12 Sep 2009
Location: Onalaska, WI
Points: 2678
|
Post Options
Thanks(0)
Quote Reply
Posted: 10 Apr 2012 at 10:04am |
|
I have been very fortunate to have a Mom that is very well educated in finance. I have learned many things from her. This is ONE. Have everything planned before hand to avoid the family war. You can always change things as need be, but it is never to young to have things in legal order. Things change, situations change, don't be WHAT IF! I am not an attorney or the like just an old worn out drywaller.
|
|
Everything is impossible until someone does it! WD45-trip loader 1947 c w/woods belly mower, 1939 B, #3 sickle mower 1944 B, 2 1948 G's. Misc other equipment that my wife calls JUNK!
|
|
