Farm Succession Planning
Structuring a transition for the next generation
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What will happen to the family farm?
For many farm and agricultural families, thinking about how to transition or sell the family business can be an uncomfortable topic. Whether it’s a dairy farm, a tree nut operation, a fruit-processing plant or a cattle ranch, there can be any number of issues complicating a candid discussion about the family business and our farm succession planning consultants are here to help.
We have decades of experience at transitioning family-owned farms and ranches from one generation to the next. Often, we see our clients who have adult children with interests or careers outside the farm, or there is a lack of farm succession planning to decide who is in control and how assets are divided. With an increase in land values, dividing assets equitably may present problems for a transition.
We suggest candid discussions around what values are important to your family which allows us to help you structure a business transition so the next generation can successfully manage together.