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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All businesses, regardless of size, the product produced, or the service offered, have three components: assets, management, and income.A farm...
The Cultivating Your Farm’s Future Workbook for Farm Succession Planning in Wisconsin is an incredible resource to help your family...
Economic viability of the farm business is one of the many challenges facing successful farm succession. A less-than-ideal economic situation...
Understanding Farm and Household Expenses Farm household expenses are oftentimes mixed with the farm business. The farm may supply material...
Defining Trust There are many definitions of the word “trust.” According to Merriam-Webster’s Dictionary, one definition of “trust” is “assured...
An•ger /’ aNGger/ noun A strong feeling of annoyance, displeasure, or hostility. (Oxford Languages, n.d.) What is anger? Psychology Today...
Introduction People often think the transfer of a farm is much different if it’s going to family than if it’s...
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...