Litigation rates involving farms are on the rise according to agricultural law experts – and not just because of estate and succession conflicts.
Litigation can ruin a farm business, and, with incidents on the rise, agricultural lawyers say there are ways farmers can better protect themselves from legal action.
If farm enterprises aren't properly structured with written agreements or business decisions are neglected, the human and financial costs can be extremely high.
As uncomfortable as we are talking about death and divorce, avoiding the conversations can have a devastating financial effect on a farm business.
In this BDO case study, we look at the impact of divorce on a farm transition.