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Blog

Fair vs. Equal

August 17, 2007, 1


What do Parents Owe Their Children? by Jill Falloon of Manitoba Agriculture covers the complex and delicate topic of 'fair vs. equal' in terms of farm succession planning.

The headings in this piece will give you the big picture:

Understanding Family Tensions
Types of Justice
Entitlement
Making Sense of It All
Consider Discussion at a Family Business Meeting
Ultimately the Decision is Yours
Maintaining Family Goodwill

 

Dividing control and assets of the family farm can be touchy. What is fair? Communication is key. You may want to consider selecting a non-family professional to coach your family through the decision-making process and the leadership transition.

(From UC Agriculture and Natural Resources Farm and Ranch Succession website)

 

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