The Most Important Farm Task for 2023

After the uncertainty of a global pandemic and confusion over potential changes in tax policy, your succession plan has probably ground to a halt. How can you get back on track with your succession plan? Focus on these three areas.

A solid basic estate plan serves as the foundation for a farm succession plan. To start, put your “not dead yet documents” in place, which can range from a general durable power of attorney to a living will to a trust.

Before diving into which entity is best for your farm, here's a review of the five options.

Farms are rooted in history and tradition. How well do you know the history of your farm? Here are a few ways to explore and document your operation’s history.