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I can't speak to anyone else's experience but when my uncle took over the (CA Central Valley) family farm he didn't experience a windfall. And most years he mad
by jefurii 9y ago
I can't speak to anyone else's experience but when my uncle took over the (CA Central Valley) family farm he didn't experience a windfall. And most years he made more money at his side job (substitute teaching) than from the farm.
- newfoundglory 9y agoThe windfall option is selling the farm, not keeping it. And if you inherited something that nobody wants to buy then obviously you're in a poor situation.
- roel_v 9y agoBut did he inherit it, or bought in? If he bought in at market rates (or even at a low double digit discount), it would be 'buying a job' which is seldom very profitable. That's very different from inheriting but not wanting to sell because of sentimental (economically suboptimal) reasons.