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| What you are saying is that divide the farm four ways. The farm is worth the value of each parcel.
If the farm is kept together as a functioning business it should be worth much more than the 4 million.
The 64 dollar question is how to compensate the non farm heirs.
One thing that changes over time is what the younger generation wants to do with the farm.
I have my land and Mom and Dad have theirs.
If they had passed 20 years ago, the concern was how I was going to buy my brother out or if he wanted to farm with me.
As we got older he has other things to do and I am not dependent on the farm for living expenses. I for sure am not looking to buy a bunch of land and perhaps not live long enough to pay it off.
Things need to happen different than 20 years ago.
Edited by IADAVE 3/29/2024 23:08
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How to wrap my head around generational transitions/equity?
