Home / Family / Estate Planning / Family succession / Brothers farming together

Brothers farming together

Agriculture.com Staff 03/05/2012 @ 12:57pm

Problem submitted by C.B. , Illinois

For over 15 years, my two brothers and I have worked with our dad, farming land we rent from him, as well as land we each own independently. Like lots of other farmers, we’ve also complicated the situation by owning equipment separately and by sharing it when needed.

Basically, we help each other. But labor sharing isn’t always equal (a source of friction) because each of us is a part-time farmer with a full-time job off the farm.

This has worked OK over the years except (and I’m sure you see this coming) Dad’s health is now starting to fail. My brothers and I know it won’t be long before he won’t be able to farm anymore.

CancelPost Comment
MORE FROM AGRICULTURE.COM STAFF more +

4 Keys to Structuring Ownership Transfer… By: 02/20/2015 @ 10:22am By Dr. Donald J. Jonovic THE PROBLEM: when designing ownership transfer plans for a large…

Enter the 2015 Farm Beautiful Contest! By: 02/20/2015 @ 10:11am (function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id))…

Is Your Estate Plan Right? By: 02/20/2015 @ 10:04am By Dr. Donald J. Jonovic THE PROBLEM: Is there a way for non-lawyers to be sure their estate…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Llamas, Commodity Classic and Photo of the Week
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]