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Full-Text Articles in Finance and Financial Management
Things To Consider Before Co-Signing A Loan, J. David Aiken
Things To Consider Before Co-Signing A Loan, J. David Aiken
Cornhusker Economics
In the context of family farms, includes some general points to consider before you sign a loan guarantee for a family member who is heavily in debt.
Conclusion: Having to consider whether to co-sign a child's loan is a very difficult situation-no one wants to be part of losing part of the family farm or ranch to loan foreclosure. But if the loan guarantee isn't part of a financial turnaround plan that has at least a fighting chance of success, don't sign the guarantee unless you absolutely don't need the money for your own retirement.
Disagreements And Proper Respect In Farm/Ranch Succession, Allan Vyhnalek
Disagreements And Proper Respect In Farm/Ranch Succession, Allan Vyhnalek
Cornhusker Economics
Adapted from "Does Disrespect Have a Place in Your Ag Legacy?" Volume 6, Issue 1, February 2021, Ag Legacy, by Caleb Carter, consultant to the Department of Agricultural and Applied Economics in the University of Wyoming College of Agriculture and Natural Resources.
Briefly covers disagreements and proper respect in farm/ranch succession.