I fully agree with Retired Educator. We too had some very lean years when first buying our farm but that is what we wanted and we buckled down and made it work. Did without on some things as we had to decide what was more important. Heck you see people buying $80,000 boats, campers, pickups, and cars and think nothing of it. Those just keep depreciating but land is at least a good investment down the road. You're building equity and have something to either sell of pass on down the road.
Our farm is getting passed on to the kids and will be 4th generation. That means something to us and to them.
Maybe do a contract for deed if your relates can agree to a price, term, and interest rate.
We know people that spend 10 bucks a day each for coffee. Things can be eliminated to pay for other things, just depends on what is more important. The old saying "nothing good comes easy" still has meaning today.
How many acres are there and how many do or will you yourself own before buying the other share?
Just trying to help you out.
Good luck!
Our farm is getting passed on to the kids and will be 4th generation. That means something to us and to them.
Maybe do a contract for deed if your relates can agree to a price, term, and interest rate.
We know people that spend 10 bucks a day each for coffee. Things can be eliminated to pay for other things, just depends on what is more important. The old saying "nothing good comes easy" still has meaning today.
How many acres are there and how many do or will you yourself own before buying the other share?
Just trying to help you out.
Good luck!