Trying to find some ideas on how to work a family hand over of an operation. Grandparents are owners of the cattle and equipment today, they own about half the ground and rent the other half from my father.
We are trying to come up with a way of passing ownership of the cowherd to me over the course of say 10 years using labor and management skills to pay for the buy in. So in essence since I have never taken a wage and am fine with continuing this in order to use what was a wage to pay for the buy in.
Not sure if this makes any sense or if i spelled it out well. I know you all will have more questions and am happy to answer them to get to some quality perspectives.
Thanks in advance
We are trying to come up with a way of passing ownership of the cowherd to me over the course of say 10 years using labor and management skills to pay for the buy in. So in essence since I have never taken a wage and am fine with continuing this in order to use what was a wage to pay for the buy in.
Not sure if this makes any sense or if i spelled it out well. I know you all will have more questions and am happy to answer them to get to some quality perspectives.
Thanks in advance