Farm Succession

A good farm transition means putting in the work up front.

Agrivision: The plan should include a goal-setting exercise for each generation.

Look long-term to help focus on the right goals.

Legal Issues: Families wonder if planning is no longer needed since federal estate tax exemption has been raised.

Information must be communicated across generations before a landowner’s passing.

Farm & Family: If lease or rent payments are part of your retirement plans and cash flow is tight, your succession plan may need updates.

The family continues to raise grass-fed beef near Spring Green, Wis.

Diversity is and will be the key to small farm survival across the USA.

Making plans helps with staying on track to the future.

Farm & Family: Most plans are nearly two decades old — it’s time for a review.