Valuing On-Farm Heir’s Sweat Equity Is Complicated and Agreements Should Be Developed to Fairly Compensate On-Farm Heirs

By Mason Grahame, Dale Johnson, Catherine Onumajuru, and Paul Goeringer

Image by Edwin Remsberg. Handling sweat equity issues when bringing in the on-farm successor can limit issues down the road where an on-farm heir feels slighted.
The best solution for handling sweat equity is to agree early on to pay the on-farm heir at a market rate. Image by Edwin Remsberg

Extension Legal Specialist @UofMaryland posts do not represent my employer & retweets ≠ endorsements