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Dividing assets between farm and non-farming kids / Focus on farm transition / FCC Knowledge

Nov 29, 2019

Video: Dividing assets between farm and non-farming kids / Focus on farm transition / FCC Knowledge


Fair isn't always equal. Parents are often hesitant when deciding how to keep the farm business stable while dividing their estate assets among all their children. Patti Durand and Annessa Good, 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.