COUNTY AG NEWS
Transferring the Farm webinars
Many farm families spend years working hard to pay their bills and to pay off their farm. When they reach the age of retirement many are interested in keeping another generation on the farm.
However, not all farms will or should be transferred to the next generation. Many farms are not large enough or the next generation may not be interested in being in agriculture. Some children may be interested in farming as a part-time occupation.
Other families may look outside their own family for non-related parties to bring into the farming operation. Some families will retain ownership of the land, following the parents’ deaths, as an investment. Making decisions about transferring farm property can be complicated and challenging