Loren Wagner v. Russell Wagner Wanooka Farms

HORTON, Justice.

This is an appeal from a bench trial in which the district court found that the fair value of shares in Wanooka Farms, Inc. (Wa- nooka), equaled $3,344 per share. We affirm.

I. FACTUAL AND PROCEDURAL BACKGROUND

Wanooka is a closely held family farming corporation. Its assets include a milling operation for processing lentils, 1,038 acres of land, a lake property, and homes. The farmland is currently leased through a crop share plan. Shares in Wanooka are divided between the children of the farm’s original incorporators, Arthur and Robert Wagner, as follows:

[[Image here]]

As early…