Profile of Divorcees

•  57% of divorced adults are women and 71% of divorced adults are white.
• Between 1990 and 2010, the divorce rate among individuals 50 and older doubled.
• The probability of divorce is over 75% for people who run family businesses.

Profile of the Asset-Rich but Cash-Poor

•  Millions of retirees that are homeowners have their wealth concentrated in their houses and a very low income.
•  Farmers often have equipment and land worth millions of dollars, but little income and difficulty liquidating their assets.
• Between 2013 and 2016 the net farm income fell by half.

Divorced and Asset-RIch but Cash-Poor

• People who divorce after retirement are likely to struggle significantly with loneliness.
• For many farmers, having a supportive and engaged spouse is an important element to the success of their farm, which makes them less likely to sign a prenuptial agreement.
• Furthermore, older prenuptial agreements for farming couples are less likely to hold up in court because the nature of their assets is likely to have changed greatly.

Profile of Farmers

• In a survey, 75% of farmers reported that someone they know has been affected by opioid addiction and 25% of farmers themselves had struggled with opioid addiction.
•  86% of principal farm operators are men and farmers are most representing in the 55 to 64 age group.