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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 - Indirect Control

Mark: What are you doing?

John: I am thinking about how we can make the farm more productive now that there will be three families to provide for. What do you think?

Mark: I can do some custom work--- some baling hay or some combining.

John: That would bring in more income. What other ideas do you have?

Mark: Do you suppose there are any places where we can cut expenses?

John: That’s a good idea. Let’s take a look at these records and see where that might be possible.

Scenario 2
Examine Strategies
Direct Control
Indirect Control
No Control
Using What You Learned

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