We are third generation and have fourth and fifth coming up, with one of them here now.
Ironically, our first gen had part-time off ranch jobs during twenties and thirties while the second and third did not. We are in late '60s-early 70's in age. Our 4th gen has not had real paid jobs other than some contract work off ranch, bu their wives do.
Also a little different than many, our second gen got college degrees and the MIL held jobs before marriage. They also raised and dressed and sold turkeys and ran pigs to build their cattle and land holdings.
My spouse had only one year of college, and I graduated highschool....50 long years ago! And in our youthful 'wisdom', turned down the offer to get college degrees after we married. Our kids all had some college or trade school. A mechanic is a good thing to have in a ranch family! So is a good cowman. A carpenter is good, too, even if not involved in the ranch. The advice comes in handy!
Has anyone thought about the idea that maybe if more of the past two generations had gotten educations, college or trade school, maybe the farm or ranch would be stronger financially now? That most likely would have caused different reactions to situations encountered in their agriculture careers. Rather than doing so many things "like dad did it", or worse, because "they" won't let us be prosperous", possibly making a stronger, more successful business of their farm/ranch.
Our biggest fear, and one too many ranchers refuse to believe will affect them, is the Death Tax. That is designed to keep farmer/ranchers and other businessmen from building businesses capable of sustaining multiple generations of the family, IMO. If Democrats take total control of Washington, DC with this election, that tax will return in 2011 to the old rules, including far lower monetary values of exemptions that todays' land prices will make many ranches far more vulnerable to excessively high death taxes than many ag people can imagine, mark my words!
mrj