jus_tin4 wrote: » Don’t think it’s completely unreasonable to expect to have to compensate if she wants the whole farm, I will be in a similar situation in a few years and I would expect to have to compensate if I want the lot. Man or a woman I would think it’s only right you compensate if you want the lot, but more than likely not market value
Dunedin wrote: » Depends what you term ‘compensate’ OP was referring to the girl having to buy out her brothers so that could mean market value. So buying 2/3 of 80 acres - 50 acres at circa €7-10000 an acre is anywhere between €350 and €500,000. I would term that unreasonable and tell the parents to keep it. A site and maybe a small cash payment would be more like it.
memorystick wrote: » The auld lad must have been a force good farmer if he thinks there’s that much money in it. All the previous generation has to do is not leave a mess for the next. Simple as. Nursing homes are full of people who couldn’t manage that.
doc22 wrote: » The next gen shouldn't be relying on anything. They could be near pension age themselves before inheriting anything.
memorystick wrote: » A lot of farmers find it difficult to organise the issue of handing over. Plenty of families divided because of feeble minded auld lads who were never good for anything and come along and make a complete scutter of it. My family is testament to that.
wrangler wrote: » The feeble minded young lads should have it sorted long before the ould ones get old, You either sort it in your twenties or leave and forget about it until everyone is dead..... sell the place and share then,
Reggie. wrote: » I'd say we are going down the same road
memorystick wrote: » You can’t push rope.
Dunedin wrote: » Seriously hope you’re having a laugh here.
carrollsno1 wrote: » Same as my own. One generation holding onto it for nearly 80 years place left in a state, depopulated split in two one half planted by the lad who never did a tap on the place. Worst thing is all the other cousins and aunts and uncles never gave a **** for the lad that got the half and planted it whereas we had time for him tbe whole way along now hes the most popular man around with them now as he has a sizable plantation to his name now.
Bass Reeves wrote: » Too many people inherit farms that are not business focused. However in this case the parentd are being fair. They have indicated that they consider all three children must be looked after. There seems to be a fairly modern house away from the old farm yard. However the parents think that they would prefer to sort out all the children now rather than later.
Dunedin wrote: » Don’t agree at all. If it was an only son who was coming home to farm with a genuine interest and two sisters working away with zero interest, would you still say the same or would the parents either? I doubt it. The reality is that all farming siblings have to have off farm job (dairy apart). The girl here is holding down her day job and seems to be doing plenty at weekends/holidays etc. to justify herself. Dividing it in 3 is ridiculous. Putting myself in her situation, I am the youngest of 3 boys in ours. The other two never had any interest. I lived away from home for over 10 years but I always and I mean always, had the gra to come home to the land. Place was left to me and I work off farm in a busy job with a long daily commute and do my farming in max 10 hours a week as I have it well set up. Farm will stay in family and hopefully when my turn comes I’ll pass it on in such a way that there will be no fighting over it.
Bass Reeves wrote: » Unless you inherited it in you teens and lived until beyond 90 will you have a farm for 80 years. Too many live in a Dreamland where they consider what is and is not an economic reality. Unless in dairy most farms are uneconomical. You would run a 200 acre drystock farm in 15-20 hours a week if focused and we'll set up Too many are not focused on profit and are if the opinion that will not work here. Milk quota gave a lot to answer for
blueberrypie wrote: » Has there been any progress for the friend of the OP?
einn32 wrote: » In my opinion pining away for land is no way to live. You're either going to get the place or not. It sounds like it will be split. So she either buys out the others or let's it go. Assuming she gets no pay then I would stop working there on weekends too unless she has the Intention of buying the others out. It's amazing the hold land can have over people and they work away in the hope they get it and then the owner goes off and sells it. Obviously I don't know the family dynamics and who knows the parents might just give it to her. But they are probably trying to keep everyone happy and avoid hassle down the road. You would think the siblings would be annoyed if they missed out on some money.
Markcheese wrote: » How thrilled would the parents be if the daughter informed them that she's busy making a life for herself and to ring the brothers when calving time comes round ,or when there's paperwork to be done ? Some sort of limited family trust ? With the farm controlled by the designated sibling (whoever works it ), and passed on to whoever worked it's designated heir / relative .. if the land gets sold the money gets split ..(maybe going back one generation ?)
doc22 wrote: » I presume they'd be happy for her They could sell or rent the land and live a comfortable life. Perhaps she doesn't play as vital a role as she thinks.
Hard Knocks wrote: » Or maybe she does and it’s taking for granted She’s done the right thing by putting all out in the open, now it’s up to the rest I can understand everyone’s position
