We have no town jobs....and are proud of that. Of course, not everyone had the chance to buy into an operation and build a 400 cow operation with out the gate grass.
We are truly lucky!
You are lucky Jim!
Figure $10k per AU to buy a ranch and then another $1500/hd for cows, add in some machinery and you'd be crowding $5 million.
Pretty sure not many young people have the collateral to go out and take on a loan like that........
My wife and mother both have well paying town jobs and good health insurance so that really helps.
Parents are debt free, my wife and I will have our house paid off this spring(took 10 years on a 30 year note), we owe a little on a tractor but that's it.
We don't have any kids, my sister(lawyer in San Francisco) doesn't have any kids, my brother and his wife(both dentists in Alaska) have a couple boys but they have never come back here to visit so I haven't met any of them.
I'm honestly not sure what's gonna happen to 'our' farm.
