PA Farm Link
Farm Succession Blog
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Welcome to the Farm Succession blog by PA Farm Link (PFL), your resource for valuable insights and guidance on farm succession planning. We encourage farmers to explore the information at their convenience and apply relevant strategies to their unique farm needs. For help developing a succession plan or for a referral to an agricultural professional who can support your planning process, please reach out to us! Special thanks to the Northeast SARE grant program for making this program possible!
This material is based upon work supported by the National Institute of Food and Agriculture, U.S. Department of Agriculture, through the Northeast Sustainable Agriculture Research and Education program under sub-award number LNE21-417.
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Farm succession is more than the technical details of legally transferring the ownership of assets and tax management. Farm succession...
Why is the story important? Do you remember sitting at a family gathering and hearing family members share stories from...
Introduction How would you describe your attitude or emotions to the words “farm succession planning”? Excited, hopeful, motivated? Or maybe...
Introduction A part of the Cultivating Your Farm’s Future program In farming, sweat equity is a term that is loosely...
Introduction Business succession planning doesn’t happen on its own. Producers must intentionally focus on the planning and work with a...
Business strategies are practical actions that communicate how a business plans to reach its goals. Thinking strategically about the farm...
The best way to divide farm assets is a challenge that farm families face with each generation of owners. As...
Earlier we discussed the importance of transferring management to the successor generation. However, we did not delve into the details...
Recent farm succession research by UW-Madison Division of Extension educators indicates that the division of assets for inheritance is a...