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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

Sally: What are you doing?

John: I am thinking. This farm has been in our family for over 100 years. I am ready to slow down now, but no one in the family wants to farm anymore.

Sally: I have been thinking about it, too. What will we do?

John: I guess we could talk to the County Extension office. Maybe they know if there are any Beginning Farmers in the county who want to buy a farm. If we find someone, maybe we should talk it over with our lawyer.

Sally: Could you sleep at night if we sell the farm?

John: I don’t know about that. But, we should leave before we get too old. Some people stay on the farm too long. Then they can’t get around in the winter.

Sally: You have convinced me. Maybe I would like living in town. We would get to see our friends more often.

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

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