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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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Transcript - Direct Control

Sally: What are you doing?

John: Oh, thanks, Sally. I am thinking about the farm. Our son doesn’t want to farm. My sisters don’t want to farm. And I am getting older every day.

Sally: What should we do?

John: You know this farm has been in my family for over one hundred years.

Sally: I suppose you’re going to leave it to me alone someday.

John: I suppose we could sell the farm. I don’t you to be here all alone if I go first.

Sally: I am so glad we had this talk. I am sure that it will bring a good price. You have worked hard to keep it up all these years. You deserve a rest.

Scenario 4
Examine Strategies
Direct Control
Indirect Control
No Control
Using What You Learned

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