Developing A Succession Plan Without a Family Successor
Succession planning can be difficult for some farm owners and the task can be even more daunting when there is no clear successor to take over the family farm. However, a farmer without a successor should still prioritize the successful transfer of farm ownership. Several considerations, such as using a trusted team of professionals, planning […]
Succession Planning: Preparing Your Farm For Future Generations
Most farms in the United States are family-owned and the likelihood of those farms being passed down to the next generation is very high. While a business plan may be in place, succession plans are often overlooked due to the inability to commit to another time-consuming task, which involves discussions with family members and planning […]