Don’t wait till it’s too late: Dealing with a farm death
When a farm owner dies, questions loom about millions of dollars worth of land and equipment as well as living creatures that still need care, immediately.
When a farm owner dies, questions loom about millions of dollars worth of land and equipment as well as living creatures that still need care, immediately.
Most farmers and their families have heard the phrase “estate planning.” Most have even taken a stab at it.
It’s not easy discussing succession planning with the next generation, but part of running operation is that farm transition responsibility.
Farmers have prevailed over weather events, family emergencies, machinery failures, and more, so what makes transitioning a farm business from one family member to another so difficult? The emotions. Changing over the business is more than signing your name on the dotted line; it’s peeling yourself away from decades of sweat and energy. It’s giving […]