[URL="http://www.agweb.com/livestock/dairy/article/author_gives_advice_many_dont_want_to_hear_sell_th e_farm/"]Agweb article on selling the farm instead of giving it away.[/URL]
This is how our family has always done it. Never has one generation given anything to the next (aside from knowledge, patience and love). The next generation has always been responsible to come up with a viable business plan to purchase the farm from the prior generation. It has worked well for our family and I believe there is a lot of merit to doing it this way.