succession planning

For many farmers, retirement looks different than it does for other professions. Downey notes that successful transitions often mean the retiring farmer shifts into a new role on the farm rather than walking away completely.

Farm and ranch succession planning is one of those conversations families keep putting off — and a new NCBA resource is built specifically to help producers start that process on their own terms.

As cattle prices rise, ranch families face a pivotal moment — it's time to talk succession planning and what it really means for the future.

Passing the farm on to the next generation can be very challenging if proper planning doesn’t take place. To help, University of Idaho Extension will host a succession workshop

Farmers from across Northwest Washington will fill the Washington State University Northwest Research Center Friday for a day focused on local farming and water issues.  Don McMoran, Director WSU Skagit County Extension, says Friday’s Summit starts at 8:30 a.m. focused on i...

Succession and farm transitions are a challenging topic that takes a lot of preparation.   “There's two that are most important," noted Tim Cobb, owner and President of Spokane-based Farmland Company.  "That's an operational management transition as well as an ownership transition, and those items don't normally happen at the same time. When you talk about...

In an effort to help Idaho farm families transition to the next generation, the Idaho Farm and Ranch Center will offer a free Succession Planning Course.  The on-line course allows producers to learn the necessary steps to pass your farm or ranch onto the next generation.     ...

More than 50% of Americans think having an estate planning is at least somewhat important, but only 33% have a will or living trust.  According to AARP’s Sen Voskuhl, estate planning is even more important for farmers as it decides the future of the farm.  Without a goo...

With a new year, many in farm country are going over the books, looking for places to save, what equipment needs to be purchased, and what needs to happen to make the year ahead the best possible.  Joel Packham is encouraging farmers to include Farm and Ranch Succession Planning to that list.  In an e...

It’s an uncomfortable conversation that doesn’t take place in the farming community nearly enough.  Succession planning.   Joel Packham with the University of Idaho said farmers don’t like to talk about what may happen to the operation after they pass.  But he noted a lack of open an...