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Harvesting Family Harmony 04/15/17 | WealthCounsel Quarterly | Louis S. Shuntich, JD Over the next 20 years, 70 percent of farmland will transfer to the next generation,[1] but it is estimated only 30 percent will stay as family farms[2]. When asked why there is such a poor success rate at keeping farms in the family, an elder rancher put it…

Farm Transition Basics Planning a farm transition means making a lot of decisions, and those decisions should be focused on what you and your family want for the farm and your future. When preparing for this kind of transfer, take several factors into consideration. Risk Management Five major events can impact a family business, known as the “5 D’s.” Make…