FATHER AND SON FARM

Shannon News, 23 December 1924, Page 3

FATHER AND SON FARM

PAIiTNISHSHIP SUGGESTED AS MEANS OF KEEPING BOY ON THE. FARM.

Many fathers give their .fltons a definite share in the farm bu ®| and endeavour to, keep them at if they could-find some, satisfactory share basis. The following suggestions are ’made, primarily .with the_ father and son problem in mind, but -they art. also applicable to others. . 1. Give -the son a pertain share or the returns from the sale • of props and. other farm products as well, as a share of the increase in value-ot live stock. In return the son would perform all, or a certain part of xne 2. Let the son supply all the labour and the father sell him a half inter-. est in the live stock, machinery and, 'supplies, in fact, in everything except, the land. The son would sign a note for the amount at a nominal rate of interest as might be decided upon. Each party might then agree to accept one-half of the returns? and pay onehalf of all expenses except taxes on the land, and cash outlay for upkeep of buildings, which -would fall on .the owner of the land, the father. When the father assumes all the expends except man labour, as outlined in the first suggestion the son is responsible for only a part of the ex+ penses and may be inclined to spend, too ifreely on machinery, supplies, and feed, being primarily interested high gross returns, whereas the father is interested; in • net returns. This sort of an arrangement, however, is easily made and easily terminated

as there is no : joint investment ana the; son requires little or. no capital. To' a large extent the responsibility of management falls on the' father. _• - In suggestion two, expenses as weu as receipts are of equal importance to both parties as the net income for both depends 1 upon the excess of income over expenditures. Each has an interest in the capital invested, ana on the whole,. it must be a" more • permanent arrangement if it is to be suecessful. The one disadvantage, so far as the son is concerned, -in either of the! first two suggestions, .‘is 1 that he gets no share from increase of land values. He is .less interested in makingiand keeping up improvements than the father.