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second property doings

January 24th, 2007 at 05:34 am

Savings log - $4 tip box
Spending log - $2 coffee, milk + $4.50 curry

Got an email from sister today. We should plan a bit about what to do with the second property.

Just to review 'cuz its been awhile, dad's farm was comprised of two pieces of property (both about 80 acres) that didn't touch each other, and were about two miles apart (this ain't Texas!). The first piece of property was sold about a year ago. The second piece of property has the house, barn, buildings, etc, and about 1/3 of it is a wetland - too low to be farmable. Right now the Wisconsin DNR is interested in buying most of the property, leaving us with 7 acres and the buildings.

However no offer has been made, and we don't really know when they would come on as a buyer. And about 45-50 acres is farmable. It means that January is a very good time to come up with plans for the least its a better time than April, which is when the US Bank executors were thinking about it. City boys, eh?

Sister wrote to me the possiblity of renting it out - one farmer is interested in it, which means that he would till it and grow crops on it and pay us one time for the use of it during the year. Sister isn't thrilled about him either ... he's not Nut, he's more like Peanut. This issue with Peanut is that he's a pig - uses tons of fertilizer, herbicides, had plenty of equipment that leaks fuel oil, etc. Sister's thought is to contact the farmer who was tilling dad's second property. I don't know whether he would be interested in it, especially if it would be for just one year.

The timing is the issue for me. If I knew for a fact that WiDNR would buy the property this coming fall, then it wouldn't really matter; we could leave it fallow and be done with it. If its going to be a couple of years, well someone should use it.

Tough being a member of the landed gentry. Big Grin

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