succession planning

In an effort to help Idaho farm families transition to the next generation, the Idaho Farm and Ranch Center will offer a free Succession Planning Course.  The on-line course allows producers to learn the necessary steps to pass your farm or ranch onto the next generation.     ...

More than 50% of Americans think having an estate planning is at least somewhat important, but only 33% have a will or living trust.  According to AARP’s Sen Voskuhl, estate planning is even more important for farmers as it decides the future of the farm.  Without a goo...

With a new year, many in farm country are going over the books, looking for places to save, what equipment needs to be purchased, and what needs to happen to make the year ahead the best possible.  Joel Packham is encouraging farmers to include Farm and Ranch Succession Planning to that list.  In an e...

It’s an uncomfortable conversation that doesn’t take place in the farming community nearly enough.  Succession planning.   Joel Packham with the University of Idaho said farmers don’t like to talk about what may happen to the operation after they pass.  But he noted a lack of open an...

Each year that slips by without creating an estate plan increases the risk that all you worked for will end up with someone other than you want. AARP’s Sean Voskuhl said keeping the family farm in the family is hard enough, but becomes even more challenging if you don’t plan for its future. He noted ...

It’s an ongoing issue for the Ag community across the Pacific Northwest, keeping farmland in production rather than letting it become commercial or residential property. In an effort to address the issue head on, the Idaho Farm Bureau Federation recently adopted a new policy that supports helping state legislators come up with a plan to preserve farmland. IFB ...

Christmas tree growers of today are worried that as they retire, there are no younger growers lined up to take over. Gary Crawford has more. If you have a story idea for the PNW Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekmedia... Read More ...

As farm families gather for the holidays, it’s a good time to reflect on the past and look to the future. Long-term success of your farm and passing it to the next generation requires careful planning. The AARP’s Sean Voskuhl says its best to not put off starting your estate plan. “Th ...

When it come to passing the farm from one generation to the next, there could be some challenges for both sides in making a transition work. But as University of Minnesota Extension's Jim Salfer notes, one factor not given much consideration when such a succession takes place is the emotional investment made by the incumbent farmer regarding their operation ...

Nationwide, the number of farm transitions has increased in recent years. Yet questions remain for both younger and older generations considering this process. The University of Minnesota's Jim Salfur said, for example, one of the biggest questions out there is how can a beginning farmer without a home farm get in to the business ...