When building my farm my father in law helped out a lot. He actually drove every pipe in the ground for me and did allthe dirt work needed. Anyway he really is interested in the deer farming that i am doing. I want him to be part of things for all the help that he has given me with the farm but i am not sure how to work it out. I let him purchase a doe from me for what i gave for her and now i want some input from others on how to go forward with the partnership. What i thought might work is that one of my breeder bucks would breed his doe and we would be partners on each and every fawn out of her. Try and keep this little partnership to about a 10 deer max. ANYBODY please give me some input on your thoughts about this or if you have done or are doing something like this.
HELP patnership question
- Thread starter Split Creek
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- patnership question
any breeding we have done on shares the does owner keeps the doe fawns and the bucks owner gets 50% share of the buck fawns, if you split to full ownership of 1 of 2 twin buck fawns someone always thinks their fawns are the one that die, keep at 50%. 10 deer or 10 does? ten does eat a lot of feed in a year, don't forget that
Listen, I've lived by two rules all my life. One, never let friends or family live with you for more than a week, and two, never go into business with someone else. It has worked well for me for alot of years but i have broken rule #2 and went into the deer business with a friend. Hot tip.....DON'T DO IT!!!!!!!
I have a friend that helps me a lot with my deer and I do not pay him so i did give him a doe and this year am giving him a couple fawns.......i will not let it go over 3 deer as it does cost a lot to feed a deer in a year. I know he more than covers the cost to feed three deer with all the help he gives me plus with him having a few deer it makes it more interesting for him. But like I said, no more than three deer at one time. this is what i have worked out and it seems to work fine.
Joined Oct 2009
3,165 Posts | 1+
upstate ny
I agree with scott,his doe he gets the fawns,but dont forget he also becomes partner with you to feed those 3 deer and then give him the option of sellin one or two next year or tell him mabey it would be time to put up another pen for his deer then he is on his own with those deer and the feed that goes with them!!
Hello, i built my farm three years ago, it cost me alot of money for the land and material. My dad helped me with the labour of building the fence and the handling facility. Since then he has really taken interest in the deer and helps with the chores on occasion and if there is a project do take on he is always there to help. He wanted to own some deer in partnership with me so we bought another 8 does that we own together. It has worked fine to this point because of one reason. I will give him a bill every year for his share of the feed that those 8 deer eat, he pays for 50% of the ai cost for the deer and 50% of any other expenses on those 8 deer.
THe advice im tryng to give is this: keep it business and make sure the compensation is paid with cash. The extra work he does at your farm is just the work that goes along with owning animals. The extra work you do is because he is your father in law and makes up for the work he has helped with.
If you dont recieve money to help with the feed bills ect, you will start to feel like the pen space his deer are taking up would be better served holding deer of your own, after all you did pay for the wire,land,posts, ect.
THe advice im tryng to give is this: keep it business and make sure the compensation is paid with cash. The extra work he does at your farm is just the work that goes along with owning animals. The extra work you do is because he is your father in law and makes up for the work he has helped with.
If you dont recieve money to help with the feed bills ect, you will start to feel like the pen space his deer are taking up would be better served holding deer of your own, after all you did pay for the wire,land,posts, ect.
well here I go again, but if my father wanted to become my partner there would be no question in my mind. Because I dont remember my father handing me a bill for food and shelter for the first 18-20 years of my life.
woody said:
I agree with this very much...
It's one thing to go into business with family... at least in the end, if you disagree, you're still family and you can hopefully walk away from the partnership without near as many hard feelings, but if you're going to do this, you need to cover all your bases and leave minimal ways for either one of you to get screwed over or feel as if you're getting shafted. If you have to put things in writing or talk to an attorney to get all your bases covered, do it. Not so much to cover your butt financially...but to ensure that no matter what happens, you won't end the partnership later on a bitter note and potentially destroy your relationship with them.
The reason I say this...I went into business with one of my best friends from highschool. We both shared the dream of opening a computer shop. We finally accomplished that dream about 5 years ago. I demanded that we get things put in writing because I didn't want to get shafted dumping all my money into it and not get what I deserved back out. He refused saying his accountant said to save all the profits and put them back into the business...but of course his personal account was also his business account so he was using the profits as his paycheck while I was going home each night with nothing. I ended up chewing him out good and then walking away from the business in order to save our friendship...and while I'm still a bit bitter (I just avoid that subject), we were able to salvage our friendship for the most part. I do feel pleasure knowing that most of my contacts continued to contact me for computer repairs because they appreciated the way I handled their issues compared to the way he did.