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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 - No Control

Sally: What are you doing?

John: Oh, thank you, Sally. I am wondering what will happen to the farm after we are gone. No one in the family wants to farm.

Sally: Does it have to stay in the family forever?

John: Maybe not. I thought it would be the Smith farm forever, but times have changed.

Sally: If you go first, I could hire help and manage for a year or two, but I won't last forever.

John: You are right. We need to start thinking about changes in our health.

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

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