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Well boys and girls it looks like we are going to get the farm. We were able to hammer out the details and the price.
We were able to get mineral rights but the rights are under lease from the gas company. When the gas well goes dry (and that could be a long time from now) we will own the rights free and clear.
It looks like my dream is going to happen. Now as a farmer I hope to be outstanding in my field. Ba dum bum!
Now who has a good tractor for sale?
Congratulations, Timmy! :hand10:
Congrats! Make sure that tractor has 4WD (I have an awesome Kubota, but with 2WD it doesn't have the traction to leverage its torque). Look for a backhoe attachment as well. :35:
Land... God's not making any more of it.
Glad you were able to work out all the details.
Happy it all worked out! Let us know when the reunion is!
Congratulations.
Congratulations.
Glad it worked out.
You will love living , "away from the rat race"
p.S. I have a 1975 Massey Ferguson 255 Diesel with about 1300 hours on it if you have $5000 and can come to Michigan to get it.
Congratulations. Enjoy it.
Congrats
Congrats, MR GreenJeans ; )
H/D
Awesome. Congratulations. I'd be looking for an 9n right now if I were in your shoes.
Congratulations! Watch out for that talking pig.
Congrats. Im glad you got it worked out...
I share your excitement...now just where are you going to set up that gun range?
Super good news :danceban:
I'll send you the lyrics to the song "Green Acres" if you need them and a picture of my 4WD Kubota if you like :smile: You can shop around for a good deal on a used tractor since the good ones will still be as good as my 1979 model or older if they've been taken care of. My advice echos that of WHEC274 in getting a 4WD model that will do a lot better in all applications; but I would advise getting one with a good front-loader bucket that you'll use a lot more often and not get in the way of dragging any implements like a backhoe would cause.
Sounds like you've got a good deal hammered out, and I hope your mentor has covered all the bases with the gas lease. Your state may not require it, but I would also check into getting the "water rights" to the land as well. Many states separate water rights from land ownership just as they do the mineral rights. Having written ownership of water rights not only ensures you'll always be able to "own" the water that you'll be using from your well, but give you great leverage to use with the gas company after the gas poops out (no pun intended) to help keep them from using it as a disposal well that can easily pollute the ground water like it has around my neck of the woods in many places.
If the well is a shale-fracturing type, there's lots of salt water and old frac fluid coming out of new wells being drilled that they have to dispose of somewhere to meet EPA standards; so they'll usually use one of their old spent wells to inject all the crud back into. It's not too bad if it's done right, but there's also the noise of large tanker trucks making numerous trips into the well every day (from sunrise to sunset) to dump their loads.