Succession planning focuses not only on the current circumstances of the farm, but the future of the farm and the goals of both the current and future generation of farmers. | Getty Images

Team approach can make succession planning easier

Just like no farm is exactly the same, it is unlikely that each farm’s succession plan will be the same. Succession planning focuses not only on the current circumstances of the farm, but the future of the farm and the goals of both the current and future generation of farmers. Succession planning varies from estate […] Read more

Out-of-court process can help deal with farm separations

When a farming couple separates, the breakdown of the spousal relationship can also have a significant impact on the family farm. Family farms are often businesses in which both spouses and often children or other family members play an integral part. The issues that arise upon a separation or divorce when a family farm exists, […] Read more

Understanding family property law is key to succession

Farm succession planning is complex. The transition of the family farm to the next generation raises several questions, including how you ensure the farm remains in the family. The legacy within a family farm may span several generations. But what happens if along the way a separation or divorce occurs and the family farm is […] Read more