Purdue University Logo
Discussing Farm Transfer: Farmer and Off-Farm Sibling
To the Retirement Planning Home Page Purdue University School of Consumer and Family Sciences
Scenarios
Introduction
1. Farmer & Older Parent
2. Farmer & Son
3. Farmer & Brother
4. Farmer & Spouse
5. Older Parent's Health
6. Mother & Son
Links
Frequently Asked Questions
Your Opinion
Resources
Presentation Guide
Credits
Contact
Podcast

Home
Transcript - Direct Control

Richard: Hi, John. How's it going?

John: All right. Richard, I wanted to talk to you about the farm.

Richard: What do you mean? Is anything wrong?

John: No. but, Dad and Mom are getting older and I want to get the farm transferred while everyone can still talk about it in a reasonable manner.

Richard: Get transferred? What do you mean?

John: You wouldn't be left out. Your share would be the same as mine, but it would be in assets, and not farm land.

Richard: Well, I guess that makes sense. I can’t see myself coming back. What do I get?

John: Mom and Dad have a number of investments and you would get most of those. Your share might be a little less than mine because I have done more than just planting and harvesting.

Scenario 3
Examine Strategies
Direct Control
Indirect Control
No Control
Using What You Learned

Windows Media Player
Purdue HomePage | Purdue Search | Campus Map | Purdue Directories