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<blockquote data-quote="Retired Educator" data-source="post: 271552" data-attributes="member: 3373">Remember some of the discussion but not the fine points. If I remember correctly there was discussion of the future. If you own the rights how many ways can you split those rights in the future. It may not be a bad idea now but 30-50 years from now it might be. I agree that the&nbsp; outright purchase might be the best. If you already own half would the rent of the total help pay for the half you need to buy?I remember when I bought land close to 40 years ago there were years where it wasn't easy to make the payments but eventually got it all paid off. Your grandfather was correct about land. Right now it's seems expensive but in my lifetime I don't ever remember the price going down, at least&nbsp; permanently. Another consideration, when I bought land my initial interest rate was 12%, todays rates are much lower. I was also in what sounds like your situation, didn't farm it but rented the land out. Would I do it again? Absolutely. Today I own the land and it adds to my retirement income.</blockquote>

[QUOTE="Retired Educator, post: 271552, member: 3373"] Remember some of the discussion but not the fine points. If I remember correctly there was discussion of the future. If you own the rights how many ways can you split those rights in the future. It may not be a bad idea now but 30-50 years from now it might be. I agree that the outright purchase might be the best. If you already own half would the rent of the total help pay for the half you need to buy? I remember when I bought land close to 40 years ago there were years where it wasn't easy to make the payments but eventually got it all paid off. Your grandfather was correct about land. Right now it's seems expensive but in my lifetime I don't ever remember the price going down, at least permanently. Another consideration, when I bought land my initial interest rate was 12%, todays rates are much lower. I was also in what sounds like your situation, didn't farm it but rented the land out. Would I do it again? Absolutely. Today I own the land and it adds to my retirement income. [/QUOTE]

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