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Discussion Farm Transfer with Older Parent
Back to Retirement PlanningPurdue 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
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Your Opinion
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Transcript - No Control

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

John: Fine. Richard, I am glad you came back this weekend.

Richard: It’s good to be home. Even though I don’t come very often I miss this place.

John: I have been wanting to talk this over with you. What do you think we should do with the farm when Dad and Mom decide they want to quit?

Richard: I have always assumed that you would want to take it over. I don’t see myself coming back and wanting to work it.

John: And I don't see myself leaving either.

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

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