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Discussion Farm Transfer with Older Parent
Back to Retirement PlanningPurdue University School of Consumer and family Sciences
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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

Ed: What are you doing?

John: I am looking at these numbers to see if there will be enough income when Mark graduates, and gets married, and comes home to farm with us full time.

Ed: I can figure it out. Give me those numbers.

John: It is time for me to take charge of the planning. You and Mom should think about taking it easy this summer.

Ed: I can do it. I just got a little behind on my paper work.

John: Dad, you have done it all these years. I need to take some of the burden off your shoulders.

Scenario 1
Examine Strategies
Direct Control
Indirect Control
No Control
Using What You Learned

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