FROM SILENCE TO TRANSPARENCY

Problem: When should we talk with our children about our plans for the farm?

- Jolene Brown

Our daughter will be home for our extended family reunion. She wants to talk to her dad, brother, and me about the farm. Dad turned 70 this year and she feels it's time. I agree. My husband and I currently own all the land and our son purchased one-third ownership of operations. He has farmed with us for 25 years, works hard, and manages everything. He makes sure my husband and I are included as the business grows and that the farm pays us what we want and need. Our daughter lives two states away, and she and her husband have great jobs in health care. They are not interested in the farm. Are there things we might consider as we have this conversation?

Submitted by email from S.L.

Solution:

Yes, consider these points:

• Celebrations are not the best time for a business conversation.

• You and your husband have much work to do before a conversation with your adult children.

• Stating that your daughter is not interested in the farm is your assumption.