That's rough, but also, most farmers I know are setup as an LLC with their family part of it. So, if they plan on "passing the farm down" it's just a matter of someone else taking over managing the day-to-day operations and the LLC remains.
Now I'm also not a business expert, so I am sure someone could explain that better than I did.
This is getting really close to putting a hurt on me though as there is just enough left of our old family farm that Warren's idea would have us potentially right on the edge of. None of us actively farm anymore and the land is to be sold off and split up.
Most of our farm was sold off in the 90s as my father lost a ton on hogs, like a lot of area farmers and was forced to sell off a lot of the land to cover debt. Also used the excuse that it was too much work for just him once I left for college, though I later learned the truth that he financially had to. At one point, I wanted to take over the farm but lost interest towards the end of high school, not because I thought it was hard work, never thought, more of that it was just to freaking boring for me. Spending days on end on a tractor working ground just wasn't something I was interested in anymore. I still will occasionally spend a day helping the people who rent the ground now (long time family friends) and that cures any romance I have on the thought because it is so boring. Even worse with the tractors now driving themselves.
