Start a Farm Succession Plan Today

Josh McGill Land, Research

The numbers are staggering. Farmers older than 65 outnumber farmers under 35 by five to one. In the next 20 years, 70% of U.S. farmland will change ownership. Seventy-seven percent of that land will transfer to relatives. That means succession planning and estate planning should be major focuses for farm families in years to come. An industry survey showed that …