Agricultural Economics Department

 

Cornhusker Economics

Date of this Version

5-9-1997

Document Type

Article

Citation

Cornhusker Economics, May 9, 1997, agecon.unl.edu/cornhuskereconomics

Comments

Copyright 1997 University of Nebraska.

Abstract

Transferring a family-operated farm or ranch between generations presents many challenges. Typically, the transfer requires inter-generational transitions in management, ownership, and control of the operating unit. These transitions can occur a little at a time over a period of years. Or, they can happen very quickly when a divorce, a death, a disability, a dispute, or a departure quickly remove a person from production unit activities. Whether the transition is slow or quick, the life situations of two or more generations of individuals and families are changed.

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