Document Type

Other

Publication Date

7-1-1996

Keywords

family farm, tranfer, economic enterprise

Extension Number

ExEx 14040

Department

Consumer Sciences

Description

Family transfer decisions and procedures are often difficult and stressful. What is “fair and equitable” from one person’s perspective can be “unfair and inequitable” from someone else’s perspective. The farm is perhaps the most difficult of all family resources to pass down. After all, it represents both an economic enterprise and a way of living. The challenges can only be addressed if various aspects of the transfer process are carefully considered.

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