Farm Transition: Beginning Conversations About Finances
Preparing to transition the farm or ranch to the next generation requires open and honest discussions. In this webinar, Extension Educator Jessica Groskopf outlines what types of conversations should be had around finances during the transition process. She provides conversation-igniting questions for both the owner and heir generations. She also discusses who to include on a financial advisory team, and what types of financial documents to have available throughout the process.