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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

Ed: What are you doing?

John: I am looking at these farm records and thinking about planting next year. Any new ideas?

Ed: I think the planting should be about the same as last year. Maybe we need more beans.

John: That sounds alright. We should include Mark in the work. You know he is graduating and getting married. He wants to come and farm with us full time.

Ed: I am glad to hear that. We could sure use another pair of hands.

John: Well, I hope that yields will be up and prices will be higher so Mark can have a share of any profit.

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

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