We only have one child so things are pretty simple.....I'm a firm believer in dividing things out evenly as possible among all children..I've watched lots of families (especially farm ones) torn apart at inheritance time because one child was heavily favored over all of the others....
After HS I was the one that stayed at home and helped Dad farm and then rented it all when he retired..There wasn't room for my brother to farm so he got a town job..I made more money than he ever did so why should I inherit all of the farm land..I was the lucky one..
Upon our mothers death the will said that things were to be divided evenly...I and my brother sat down and within 2 hours had agreed on how to divide things....Our wives stayed out of it..I got more than 50% of the farm ground as he wanted other assets..He would have sold me his share of the farm ground at a reasonable price but I didn't want it as I was close to retirement and wanted no debt..
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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