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Grooming Your Successors: Notes On Handing Over The Farm

Summary

While some people might joke that transferring ownership of the family farm to the next generation is a form of child abuse, passing the farm down to one´s children is still the dream of most farmers. Handing over the reins of the farm is not like handing over the keys to the family car. Keeping the farm in the family for several generations requires good planning, management skills, communication, and in today´s economy, a measure of luck.