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The Hendrickson Family Farm
When Garry died in 1979, he owned 1,804 acres of land in
Warrick County (sometimes referred to hereinafter as the family
farm). The parties agree that pursuant to Garry's will decedent
became entitled to an undivided 50-percent interest in this land
and in the income generated by the land after Garry's death.
Decedent's Gifts of Family Farm Land
Shortly after Garry died, decedent started giving her 50-
percent interest in the family farm land to the children and
their spouses. From 1980 (the year following Garry's death) to
decedent's death in 1993, decedent gave away part of her interest
in the family farm land in almost every year, as shown in the
following table:
Number of acres in Decedent's ownership Number of
which decedent owned interest, expressed acres
an undivided 50- as a percentage of given
percent interest at total acres in the during the
Year beginning of year family farm year
1979 1,804 50.00 -0-
1980 1,804 50.00 45
1981 1,759 48.75 54
1982 1,705 47.26 79
1983 1,626 45.07 -0-
1984 1,626 45.07 152
1985 1,474 40.85 200
1986 1,274 35.31 297
1987 977 27.08 222
1988 755 20.93 120
1989 635 17.61 120
1990 515 14.27 161
1991 354 9.81 185
1992 169 4.68 -0-
1993 169 4.68 -0-
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Last modified: May 25, 2011