Succession and Estate Planning for Farmers and Ranchers — So You've Inherited a Farm...Now What? 6/6

"So You've Inherited a Farm ... Now What?" Part 6: Succession and Estate Planning for Farmers and Ranchers.

The University of Nebraska-Lincoln’s Center for Agricultural Profitability produced this workshop for those who have inherited or received farmland and want to learn more about the best strategies for managing and owning this asset.

Extension educators Allan Vyhnalek and Jim Jansen present on topics related to what it means to own farmland today. Those include evaluating whether to keep or sell the farm, managing a farm, lease provisions, legal considerations and managing communication and expectations among family members. Creating or adjusting estate plans is also covered.

“We hear all the time from people who have lost their parents, and now are managing a farm for the first time in their lives,” Vyhnalek said. “Maybe they grew up there but haven’t been around for a while and they want to understand modern farming and management concepts, which this workshop will address.”

More at https://cap.unl.edu/succession.