Write a farm succession plan

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Below are 8 recommendations for creating successful, amicable family estate transfer plans. The hardest part will be the initial meeting with the family, so as number 1 clearly states, get it done as soon as possible. Tags: Succession Planning Services. You can follow any responses to this entry through the RSS 2.
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Farm Succession Planning: 7 Suggestions

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Succession planning: What you need to know from a management consultant | Family Farm Succession

Laurie Wolinski, Extension Agent, lgw udel. Ag Agent , severson udel. Writing about succession planning somehow happens a lot faster than the actual planning on the farm Part 1 , Part 2 and Part 3 of this series were published in previous weeks. It takes time, and thought — and more thought, and discussions, and family meetings.
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Tips on designing a farm succession plan

How will your family farm operate in the future when the owner retires or is gone? Are you currently working with another generation who may be questioning their role in the future of the farm, or are you yourself questioning your current role? More than 80 percent of farm families hope to pass the family farm on to the next generation, but research shows only 30 percent of family farms survive to the second generation, and only 12 percent survive to the third generation. A successful transition to the next generation takes careful planning.
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Writing a farm business plan can be a tool for you to plan your farming business. It can also be a requirement of securing grants and loans for your farm business. The process of writing a farm business plan may seem overwhelming and intimidating at first, but if you break it down into its component steps, it becomes much more manageable.
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