What happens when there’s no family member to take over the farm? Selling assets during your lifetime may be the smart, empowering move many farm and ranch owners don’t fully consider. From spreading out sales over years rather than rushing into one big “retirement auction,” to timing transactions for tax advantages, this article walks through how you can stay in control of your legacy—financially, emotionally, and practically—without relying on a successor.
By Jessica Groskopf - Extension Educator for Agricultural Economics
Online Master of Science in Agronomy
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