Dividing assets between farm and non-farming kids
11 min watch
Focus on Farm Transition videos provide strategies and advice to help you navigate the key challenges and questions that arise during the farm transition journey.
Parents are often hesitant when deciding how to keep the farm business stable while dividing their estate assets fairly among all their children.
In this episode of Focus on Farm Transition, Patti Durand and Annessa Good, FCC Ag Transition Specialists talk about innovative ways to achieve this that don’t sacrifice farming children - or their non-farming siblings.
Key takeaway
There are ways to equip your children with the farm assets that are tools of the business, without it being an unconditional gift – being fair whether each child farms or not.