4 ms·

Are you planning on working (your farm) into your 80s?

by pb7 3y ago

pstuart 3y ago
That's what the kids are for.
- tartuffe78 3y ago
  Assuming your kids enjoy living this exact lifestyle, and don't end up leaving, big assumption.
  - pstuart 3y ago
    I omitted the '/s'. In all seriousness, I could see the value of that in some idyllic context of a family farm but the days of having children for the sake of cheap labor are over (in the US at least).
  - baremetal 3y ago
    The way things are going, its possible that the farmstead lifestyle will be one of the highest standards of living available to the common man. The alternative might be living in 800sf apartments in a 15 minute city eating whatever food is on offer. Living through screens all day. Perhaps their kids will enjoy that way of life more than the sun on their face on a May afternoon with birds chirping in a field of grass wet with dew petting their livestock.
tivert 3y ago
> Are you planning on working (your farm) into your 80s? If you're so pessimistic that you literally sell your conventional assets to buy a farm, your retirement plan must involve children or some community inheriting it and taking care of you in your old age. But even if it doesn't, you're still probably ahead in your pessimistic scenario (e.g. surviving relatively comfortably until retirement age, instead of dying earlier in some kind of collapse).
- baremetal 3y ago
  >your retirement plan must involve children or some community inheriting it and taking care of you in your old age. My farmland pays a rent dividend on the order of 2-4%/yr and I don't even have to be there or even show up to collect it. I bought my farmland because I consider it doing my part to preserve the planet. I'm a big believer in the future of locally produced food and more local communities in reducing emissions and _corporate wastefulness_. As a side benefit it will preserve my standard of living. I thoroughly enjoy steak and so do a lot of other people. Livestock, land, and gold have preserved wealth since ancient times.
  - pb7 3y ago
    If your farmland continues to yield 2-4% when shit hits the fan, I will dump my inflated money into an ETF that holds farmland.
    - 29_29 3y ago
      Not a bad time to buy a farm. Prices are coming down; my yield is a little bit different 1/3 of it is wooded/water - but its probably close to 2% plus tax benefits.
29_29 3y ago
I have gold, you have casino chips in a failing empire.
- pb7 3y ago
  You have a yellow metal that's too soft to even make useful tools to tend to your farm. My casino chips are a stake in the future of the world. If they become worthless, I will take your farm by force because no one will be around to stop me.
  - 29_29 3y ago
    > I will take your farm by force because no one will be around to stop me. Ah, you hit on it. That is the attitude! Problem is everyone has that entitlement. Trillions and trillions of claims.
    - pb7 3y ago
      Someone "claims" their share of equities by selling but someone else buys. Today I'm buying to invest in my future, someone that's in retirement is selling to fund their remaining years. Are you suggesting we won't have new generations that buy?
    - ryandrake 3y ago
      I've always thought that the people most vocal about preparing for societal collapse seem to be the people least likely to thrive in anarchy. When there is no law and order, we will be ruled by gangs and warlords, not by bootstrapping libertarians hanging on to gold coins and grandpa's shotgun. Nobody is going to care that you have a deed that shows you "own" a farm or that you put a little fence around it. I have a few acquaintances who consider themselves "peppers". When social distancing and travel restrictions started at the beginning of COVID, they were pretty much the first ones to crack and start complaining on social media about how unfair it was that they couldn't go shopping for khakis. So much for rugged self-reliance!
    - amanaplanacanal 3y ago
      betting on the collapse of the social order is a bad bet. sure, it may happen eventually, but it is unlikely to happen within an average person's lifetime.

Are you planning on working (your farm) into your 80s?

by pb7 3y ago

Are you planning on working (your farm) into your 80s?

pstuart 3y ago

That's what the kids are for.

tartuffe78 3y ago
Assuming your kids enjoy living this exact lifestyle, and don't end up leaving, big assumption.
- pstuart 3y ago
  I omitted the '/s'. In all seriousness, I could see the value of that in some idyllic context of a family farm but the days of having children for the sake of cheap labor are over (in the US at least).
- baremetal 3y ago
  The way things are going, its possible that the farmstead lifestyle will be one of the highest standards of living available to the common man. The alternative might be living in 800sf apartments in a 15 minute city eating whatever food is on offer. Living through screens all day. Perhaps their kids will enjoy that way of life more than the sun on their face on a May afternoon with birds chirping in a field of grass wet with dew petting their livestock.

tivert 3y ago

> Are you planning on working (your farm) into your 80s? If you're so pessimistic that you literally sell your conventional assets to buy a farm, your retirement plan must involve children or some community inheriting it and taking care of you in your old age. But even if it doesn't, you're still probably ahead in your pessimistic scenario (e.g. surviving relatively comfortably until retirement age, instead of dying earlier in some kind of collapse).

baremetal 3y ago
>your retirement plan must involve children or some community inheriting it and taking care of you in your old age. My farmland pays a rent dividend on the order of 2-4%/yr and I don't even have to be there or even show up to collect it. I bought my farmland because I consider it doing my part to preserve the planet. I'm a big believer in the future of locally produced food and more local communities in reducing emissions and _corporate wastefulness_. As a side benefit it will preserve my standard of living. I thoroughly enjoy steak and so do a lot of other people. Livestock, land, and gold have preserved wealth since ancient times.
- pb7 3y ago
  If your farmland continues to yield 2-4% when shit hits the fan, I will dump my inflated money into an ETF that holds farmland.
  - 29_29 3y ago
    Not a bad time to buy a farm. Prices are coming down; my yield is a little bit different 1/3 of it is wooded/water - but its probably close to 2% plus tax benefits.

29_29 3y ago

I have gold, you have casino chips in a failing empire.

pb7 3y ago
You have a yellow metal that's too soft to even make useful tools to tend to your farm. My casino chips are a stake in the future of the world. If they become worthless, I will take your farm by force because no one will be around to stop me.
- 29_29 3y ago
  > I will take your farm by force because no one will be around to stop me. Ah, you hit on it. That is the attitude! Problem is everyone has that entitlement. Trillions and trillions of claims.
  - pb7 3y ago
    Someone "claims" their share of equities by selling but someone else buys. Today I'm buying to invest in my future, someone that's in retirement is selling to fund their remaining years. Are you suggesting we won't have new generations that buy?
  - ryandrake 3y ago
    I've always thought that the people most vocal about preparing for societal collapse seem to be the people least likely to thrive in anarchy. When there is no law and order, we will be ruled by gangs and warlords, not by bootstrapping libertarians hanging on to gold coins and grandpa's shotgun. Nobody is going to care that you have a deed that shows you "own" a farm or that you put a little fence around it. I have a few acquaintances who consider themselves "peppers". When social distancing and travel restrictions started at the beginning of COVID, they were pretty much the first ones to crack and start complaining on social media about how unfair it was that they couldn't go shopping for khakis. So much for rugged self-reliance!
  - amanaplanacanal 3y ago
    betting on the collapse of the social order is a bad bet. sure, it may happen eventually, but it is unlikely to happen within an average person's lifetime.