Farm Succession Planning Basics

This tipsheet provides basic guidance on the process of transitioning your farm business and land to new owners. Thing to note: This is a pdf version of the online resource of the same name, provided for easy distribution to your agricultural community. The pdf uses the old title, “Succession Planning Tipsheet,” but the content is the same.

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Farm succession planning can be an immense undertaking. You are setting the stage for the future of your land, farm business, and family. So, where do you begin? From conservation easements, family trusts, and LLCs to capital gains, and estate and gift taxes, it can be easy to get overwhelmed by the complexities of farm transfer options. This tipsheet provides useful steps for turning overwhelm and idleness into inspired action.

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Farm Succession Planning Basics

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