•  
  •  
 

Abstract

Rapidly rising farmland values1 and rising farm incomes have had a major impact on family relationships. One notable effect has been on perceptions of fairness based on estate and business plans originating in an earlier era, as recently discussed in these pages.2 Another, of nearly equal importance, involves financial assistance within families that may balloon with higher input costs and higher machinery costs as the younger generation strives to adjust to a new level of both income and expenses. Financial assistance by parents (or grandparents) to the farming generation may have seemed reasonable a few years ago but may have climbed sharply in recent years to the point where the assistance becomes an issue with the Internal Revenue Service.

Share

COinS
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.