Today I do not post about a legal issue or a farm policy issue, but to highlight tools available to help farm operators develop farm succession plans and estate plans.
Why do you need a succession plan? Simply, many of you want your operations to continue on into the next generation. Many of you have family members working on the farm who will succeed you and will continue the operation in the future. These future operators need to be prepared to take over and run the operation in the future. A farm succession plan is one way to equip those future owners and allow the current operator to hand over control to a prepared future operator.Read More