Blog: farm assets

 

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Sibling Rivalry: Splitting the Farm Between Multiple Children

Posted on February 24, 2023 by
Blog

About 98 percent of U.S. farms are family-owned, according to the U.S. Department of Agriculture. So most farm owners are not surprised that an important part of farm succession planning is balancing the expectations of and promises to their children. In drafting a farm succession plan, the farm owner will be asked to make the […]

Who Gets the Farm if There are On-Farm and Off-Farm Heirs?

Posted on April 10, 2018 by
Blog

Family farmers face a difficult issue of passing on the farm if there are both on-farm and off-farm heirs. A family farm is a business but also about family. Doing what’s best for both farm and family requires making difficult decisions and sometimes rocking the boat. Most parents try to treat their children equally when […]