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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 - Direct Control

Sally: I’ve been thinking about selling the farm.

Mark: Why would you do that, Mom? I am always available to help out.

Sally: I know you are. But, when you are through working for the Co-op, there isn’t enough time left for the farm.

Mark: This is our family home. Dad made this farm what it is. Why do you think that you should sell it to somebody else?

Sally: I have made up my mind. I have a potential buyer and I plan to sign the papers next week.

Mark: Why didn't you give me a chance to buy the farm? I hope you'll reconsider.

Scenario 6
Examine Strategies
Direct Control
Indirect Control
No Control
Using What You Learned

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