What bothers or frightens me the most about prepping.

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It is up to you.....but I plan to create a decade or two between your two milestones above.

As I listed above, many in my area have done just that.

Farms that have already been paid off can usually operate at somewhat reduced but still adequate profit, even when you have to contract some stuff out.

Bigger farms have the option to lease out or share farm on some or all the land beyond the boundary of the house surrounds.



Sounds like a good plan.......can you stretch that out (in combination with some other income streams)?
I already lease out the grazing on part of the property, but I'm still responsible for the fencing, water etc. Our property is completely paid off, no debts. We really don't need the income off the property, our pensions, investments and SS provide very nicely. My original intent was to keep this place in the family for future generations. But sometimes dreams just don't come true. If we could find the right young family that has the dream we may just give it to them.
 
I already lease out the grazing on part of the property, but I'm still responsible for the fencing, water etc. Our property is completely paid off, no debts. We really don't need the income off the property, our pensions, investments and SS provide very nicely. My original intent was to keep this place in the family for future generations. But sometimes dreams just don't come true. If we could find the right young family that has the dream we may just give it to them.
I you like living there.....then stay as long as you can.
 

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