Archive: Finding fairness in farm transition
By Sponsored by RBC
December 1, 2022 at 11:00am
Have you ever had a fight over what the family thinks is fair? How do we tell our non-farming children they are not getting a raw deal? What can we do to get the family to the table to talk about this?
Fairness means different things to different farm team members and the non-business heirs. Join Elaine Froese, farm family transition coach, for a discussion on the following session solutions:
Learn to ask powerful questions to uncover what fairness means to each individual involved in your farm transition process.
Glean better conflict-resolution language to help you navigate tough yet courageous conversations to transfer assets and build harmony in your farm family.
Activate the FAIR approach of financial transparency, attitudes towards money, intentions, and roles and rebels approaches.
“Develop your why (your intent) and you can bear almost any how.” (Friedrich Wilhelm Nietzche)
Know the questions to ask and how to get better understanding of what fairness looks like to you and each family member.
Questions about debt servicing, gifting, farm viability, entitlement and defining reasonable expectations.