Are CUT Manufacturers pricing themselves out of the market?

[jyoutz]

Those old Fords and Internationals were used by farmers who actually made a living with them. I can think of one farm where the Dad and the son are both deceased, and the grandkids sold the farm that meant everything to the Dad and son.

Family farms are getting fewer and fewer. When there are several sons and daughters who split inheritances, often the only option is to sell and divide the money. This is happening everywhere.

 

[jyoutz]

Amish don't need a tractor to do hay, why can't he.
Guess he doesn't want to do manual labor

Amish with 10 kids to do the work.

 

[Hay Dude]

I think we can agree that probably 80+ % of the regular posters here are 50+, own property, and their hobby is land/home improvements. Most of us own a tractor, so we tend to get a little myopic in thinking we are like the average US citizen who couldn't come even close to buying a small CUT tractor.

The average TBN guy might be able to finance a tractor, but I'd bet the number who can pen a check for a tractor has dropped a lot in the last 20 years.

I paid cash for a Kubota L-35 and quickly outgrew it and bought a full sized backhoe.
No way I could do that now. Most All my farm equipment is higher hours and well used.

 

[Portuguese Farmer]

Inflation only happens if people keep buying, example, I see eggs in the states for ridiculous prices and everyone piles them on the cart, why? Btw a dozen brown eggs here are 2.09€

 

[2manyrocks]

Family farms are getting fewer and fewer. When there are several sons and daughters who split inheritances, often the only option is to sell and divide the money. This is happening everywhere.

One option used to be to create an irrevocable trust funded with a life ins. Policy on the farmer to cash out the non farmers. Don’t know if that is still a viable option, but the idea was to have the farm pass to those active on the farm and have cash pass to the others.

Another option is for the parent to specify which part of the farm goes to who without buying life ins.

Rarely good idea to leave farm to all equally hoping they will agree among themselves. Only takes one stubborn heir to mess it up.

 

[Hay Dude]

Inflation only happens if people keep buying, example, I see eggs in the states for ridiculous prices and everyone piles them on the cart, why? Btw a dozen brown eggs here are 2.09€

It also happens if we get a bird flu that kills 100 million chickens in the US

 

[Hay Dude]

One option used to be to create an irrevocable trust funded with a life ins. Policy on the farmer to cash out the non farmers. Don’t know if that is still a viable option, but the idea was to have the farm pass to those active on the farm and have cash pass to the others.

Another option is for the parent to specify which part of the farm goes to who without buying life ins.

Rarely good idea to leave farm to all equally hoping they will agree among themselves. Only takes one stubborn heir to mess it up.

We have an amazing legacy farm in my neighborhood where the father just passed. He was a former state senator.
He had several children, all with varying degrees of interest in farming.
Knowing he was dying and did NOT want the farm to go to the developer, he put all the land in a local land conservancy to make development nearly impossible by his children after he was gone. He left the farm to all his adult children (all about 50-70 years old) and they all fight constantly about who does more work, etc.
It ain't pretty, but the farm was saved from development

 

[2manyrocks]

That is another option. But disagreements will happen over who is or isn’t doing their fair share of the work and someone will want to sell when others don’t. So leaving an entire farm to multiple heirs as tenants in common is going to result in conflict. People who think treating them all equally should think harder before doing that.

 

[Portuguese Farmer]

It also happens if we get a bird flu that kills 100 million chickens in the US

When I lived there I never believed any of that bs, still don't and the truth is being seen, factually. If true, why do people load up and ridiculous prices?

 

[5030]

Never seen any estate where the heirs didn't fight over something and it's usually the proceeds they never earned in the first place. Human nature to greedy when it comes to unearned proceeds.

Better to pass penniless than leave anything for heir's to fight over.

Myself, I plan on blowing every cent I can on myself and my wife and leave this world like I came into it...