Episode 39: Farming with Family – Getting in and getting out

Farm Commons

When farming with family, whether relatives, spouses, or both, there are 3 key legal topics to discuss together that will set the stage for how the farm business evolves as family members enter (through marriage or otherwise) and exit (via career change, divorce, disability, or just because): (1) decision making, (2) role and responsibilities, and (3) ownership vs. employment. In this episode, we cover all this and more (including the role of a little something called a marital property agreement), while walking you through key reflections and action steps for creating paperwork processes that will set the business and your family relationships up for success.

Recommended resources:

• Read: Farmers’ Guide to Business Structures
• Watch: The What, Whys, and Hows of Choosing a Business Entity for the Farm