Farm growth and estate transfer in an uncertain environment
1979
Walker, O.L. | Hardin, M.L. | Mapp, H.P. Jr | Roush, C.E.
Extract: The overall purpose of this article is to develop and present analyses from firm growth and estate planning models which address the complex firm growth and estate planning issues currently facing farm operators. Specific objectives are (1) to evaluate the likelihood of success for specified firm growth and estate transfer plans for father and son under conditions of risk and uncertainty and selected future economic patterns and (2) to determine the differences in transfer costs, net value of property transferred, and liquidity positions of father and son under alternative growth and transfer scenarios. The emphasis in the analysis is on the financial viability of father and son farm businesses.
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