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-   -   Loosing the family farm (https://www.huntingnet.com/forum/bowhunting/231896-loosing-family-farm.html)

MarquetteMagnum 02-11-2008 08:41 AM

Loosing the family farm
 
I hunt on the family farm. We have 170 acres of really great property. My Mom is 1/3 owner and she loves the land, My Aunt lost her job and wants the money from her 1/3 but is kind of lingering along with the idea of keeping it in the family, and My Uncle is on the breaking point of retirement and will probly want to sell and move out of the area. None of them get along at all and I see big problems in the future. This really sucks for me because I baught the family farm wich the land is conected to. I have 3 acres and look out my window every day at the rest of the property. I am the only one that really uses the land, and I feel really horable about the future of it. Sorry just had to vent...

GR8atta2d 02-11-2008 08:43 AM

RE: Loosing the family farm
 
Sorry to hear, but with interest rates falling can you buy them out? Since it's farm-land and you have a military back ground I'd think you should get an awesome rate. Good Luck!

bawanajim 02-11-2008 08:45 AM

RE: Loosing the family farm
 
I'd figure a way to buy at least part of it . Does it have a house on it you could rent?

kickin_buck 02-11-2008 08:48 AM

RE: Loosing the family farm
 
That really does suck. Like the other said, you might want to look into buying at least part. I hope you find a way to work it out.

MarquetteMagnum 02-11-2008 08:54 AM

RE: Loosing the family farm
 
I own the farm house, my uncle has a house in the middle of the property, he owns 2 acres him self. I just bought the house last year so my morgage is, well still ALOT!! I have a good job but I don't know if I could afford to buy it. There is a 60 acre parsle I will do anything I can do to get if it comes down to it. Hopefully keeping it in the family will spark some interest within the 3 owners and they could give a decent price. But I am afraid GREED is very heavy in their hearts....

Gundeck 02-11-2008 08:57 AM

RE: Loosing the family farm
 
I have experienced three farms in the family change hands over the last 20 years. Only one went well. The new owners have really done good things with the property. The second, my grandparents' farm, was fought over by three of the five kids and they ended up selling it to a doctor from overseas. The land has gone to pot, the barn is in a pile and the silos are falling down. The house looks like something from the depression era. The third was sold off by the kids and is going to be developed into small housing lots. It was a beautiful farm at the base of the mountain right next to state land. My parents still live on the farm where I grew up. I would do all I could to keep that farm.

MarquetteMagnum 02-11-2008 09:03 AM

RE: Loosing the family farm
 
Same thing happend to my step Dad. His grandparents had 400 acres of the best land in the area. his father got willed the land but was a sevear alchoholic and sold the land for 10grand and then drank the whole bit. two different people have bought that land since and now he can hunt it again but every thing has changed and knowing that it really should have been his really hurts him.

nick_bleuer76 02-11-2008 09:11 AM

RE: Loosing the family farm
 
You should ask who ever buys it, if you can still hunt it.

ABarOfSoap 02-11-2008 09:13 AM

RE: Loosing the family farm
 
i know how you feel, im losing the farm ive been hunting on since i was born... it really sucks, but public land, here i come!

125py 02-11-2008 09:13 AM

RE: Loosing the family farm
 
that sucks

virginiashadow 02-11-2008 09:19 AM

RE: Loosing the family farm
 
Marquette--I am very sorry to hear this, especially in these time where land is so hard to come by.....I really hope that before I am gone, that I can secure some land for my family for generations. I have never had any, but one day I hope to....best of luck and I hope you get to keep that property.



magicman54494 02-11-2008 09:39 AM

RE: Loosing the family farm
 
sounds like real muddy water. a few ideas. is the land divided? can you buy your aunts share? maybe lease the farm land to offset cost? sell a few plots to help pay? lease the hunting rights at least for a while to help pay? get the 60 that you love soo much legally placed with your mom so if the worst happens you at least can hold that part. If people dont get along it is important to talk to each party alone. sell the idea that it is important to keep the land in the family. invite them to come back and visit. good luck

stabnslab_WI 02-11-2008 10:19 AM

RE: Loosing the family farm
 
Marquette Hey Buddy that sucks, when do you think this is going to happen. Greed might be a problem because around that area you will get top dollar for your property. Is that the land we tracked your buck on with the creek. If someone else gets that you might as well pick and move because it will kill you seeing other people on it looking out your window. IthinkImbuying this house next to our land with a 90 acretrack on it with 12 ponds you can live with me and hunt that land because I'll be across the street.

MarquetteMagnum 02-11-2008 10:31 AM

RE: Loosing the family farm
 
Thanks for the support guys, and yes StabnSlab it is that property. I talked with my Aunt today and that is the latest news. Nothing is happening yet but I am thinking in the near future it will all go south.

Germ 02-11-2008 10:36 AM

RE: Loosing the family farm
 
We were face with this about 15 years ago. My dad/mom bought the others out. I do not know if that is an option for you.

BrentH243 02-11-2008 10:59 AM

RE: Loosing the family farm
 
Some outfitters will probably buy if it the property is pretty good!...so my advice to you is to try and buy what you can if they end up selling. Just because the 1/3 owner lost her job doesn't mean the whole thing will get sold. Someone else can buy her share, which might not be all that bad. I don't know how you would divide up the 170 acres though? Good luck.

Germ 02-11-2008 11:00 AM

RE: Loosing the family farm
 
56.6 acres each, make sure to get the best 56:D

Deleted User 02-11-2008 11:07 AM

[Deleted]
 
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nodog 02-11-2008 11:10 AM

RE: Loosing the family farm
 
From what I've seen it seems the whole state is up for sale and some of it isn't badly priced. Wish I lived closer.I talked to someone yesterday who's... well his advise was not to get in anymore debt for some time. Keep your head.

You'd think land prices would be good now, not by what I've seen. Your land will most likely reflect those increases although your state seems to be still on the reasonable side.

CNYhunter 02-11-2008 11:10 AM

RE: Loosing the family farm
 
I feel bad for you. We deal with the same thing here where we hunt in southern New York. We got kicked off the main portion of thisfarm, but we can still hunt this smaller portion of the same farm. They said it was because of insurance reasons. But how can that be if we can still hunt a smaller part of the same farm. It still is all under the same insurance. Then to try and find other farms to hunt is next to impossible. But eventullly we found some private land which everyone can hunt so it is not alll that great. But it gets the job done.

MO_Hoyt 02-11-2008 11:38 AM

RE: Loosing the family farm
 
life goes on. i got 86'd of my uncles 1K arces. i was the only hunter that ever bowhunted it. one morning i seen 4 world class bucks. almost arrowed 1 of them. now im not allowed to even set foot on this place. why??? i have no idea! i did nothing but good to him and im 86'd off his world class whitetail ranch.
im i pissed? yes, but he still is family. what i do??? i started hunting public land.
i know how it feels, but you got your family and your health. thats all that matters.

JohnnyLonghorns 02-11-2008 11:52 AM

RE: Loosing the family farm
 
If you can't afford to buy the entire property, why don't you look into purchasing the ground with some others and form a hunt club. I realize it's not the best option in the world, but it's better than not having any ground period. It might actually work to your advantage because you would have more money readily available for plots, stands, etc.

Since your mom owns 1/3 and loves the land, anotheroption is to put it up for auction.Since youown a 1/3 already you would only have to pay for 2/3 of the price. This works to your advantage while bidding on the ground. Essentially, you will either get the ground back for only 2/3 of the sales price or make a fortune and have the ability to purchase a new farm.

Your best option, if you can afford it, is to work out a buy-sell agreement before your relatives decide to sell the property.

Either way, best of luck!


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