Generational Transition Program

The Bully on the Farm

So, what happens when spoiled farm children don’t get what they want?  In the worst-case scenarios, adult children can begin acting like spoiled two-year-olds, throwing fits and demanding what they want.  The parents may cave into the spoiled adult children’s actions, allowing the destructive behavior to continue.

Read the summary of Elaine Froese's article “Stop Temper Tantrums from Spoiled Farm Children”. 

First Step: Gather Information

Many farmers and ranchers do not have a will or a completed estate plan.  The incomplete nature of the legal documents is understandable, as estate and transition planning is “like eating an elephant.”

How do you eat an elephant?  One bite at a time.

Ranchers Share Their Transition Story

    The Generational Transition workshop combined the knowledge of producers who understand the emotional, financial, and legal considerations of ranch transition, and the legal considerations from an experienced estate planning attorney.  The workshop was held on June 11^th at the West Central Research and Extension Center hosted by the Nebraska Grazing Lands Coalition (NGLC) and Nebraska Extension.  A producer panel shared their personal experiences of transitioning, as well as an experienced attorney who shared legal tools to help with families transition to the next generation