Tools for business succession planning

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The process of developing a plan to transition your farm business to the next generation need not be a daunting task. The key is to plan ahead, starting now.

Here are some interactive resources and workbooks to help you make generational transitions a success:

The National Agricultural Law Center

Beginning Farmer Center

Planning Today for Tomorrow’s Farms; Tennessee Farmland Legacy

Ag Transitions; Center for Farm Financial Management

Planning the Future of Your Farm: A Workbook Supporting Farm Transfer Decisions, Virginia Cooperative Extension

 

Read Be fair to your heirs in the December 2012 issue of Dairy Herd Management.



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