Agricultural Economics Department
Date of this Version
5-9-1997
Citation
Cornhusker Economics, May 9, 1997, agecon.unl.edu/cornhuskereconomics
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.
Comments
Copyright 1997 University of Nebraska.