If there is one reason why farm succession planning should start sooner rather than later it’s because the decisions made early on can have a dramatic impact on everyone involved.
One effect is psychic, it makes us all feel better, more assured, and confident when we know as much as possible about what’s in store for [...]
Passing down the farm is a many faceted equation, and because it is unlikely that you have already been through it recently, it will require you to ask for help from those likely to know more than you. It includes elements of strategic planning, farm succession planning, and farm estate planning. Are you willing to [...]
In my opinion, yes. Farm succession planning encompasses all those things you do to insure that the farm will live on successfully in the next generation – whether that is next year or twenty years from now. Strategic planning is a blueprint to follow – the measured steps you take along the way, plans which [...]
