Post by cjm on Feb 28, 2015 6:06:36 GMT
I must say, some farmers are incapable of retiring. Their whole being is swallow up by their occupation. Do not only think 'male' - in our family a female patriarch even on her deathbed insisted on paying the weekly wages herself. Of another farmer I think that he will farm even if he has no farm anymore.
www.farmingportal.co.za/index.php?option=com_k2&view=item&id=4577:plenty-of-farmers-my-age-who-are-thinking-about-and-planning-for-the-end-of-their-farming-days&Itemid=29
...
I've met plenty of farmers my age who are thinking about and planning for the end of their farming days.
Some have succession plans with family members. But many don’t, and their plan is to sell. They’re not sentimental but they have a strong connection with their land, and they know its worth.
They also need to sell at a fair price. They’ve got debts to repay before funding their retirement. After a lifetime of investing in the farm, their superannuation nest egg doesn’t compare with those who have been ‘pay-as-you-go’ employees all their life.
The potential outcome of one who has decided it’s time to sell goes as follows.
...
...
I've met plenty of farmers my age who are thinking about and planning for the end of their farming days.
Some have succession plans with family members. But many don’t, and their plan is to sell. They’re not sentimental but they have a strong connection with their land, and they know its worth.
They also need to sell at a fair price. They’ve got debts to repay before funding their retirement. After a lifetime of investing in the farm, their superannuation nest egg doesn’t compare with those who have been ‘pay-as-you-go’ employees all their life.
The potential outcome of one who has decided it’s time to sell goes as follows.
...