Preparing to Transfer the Farm Business

Gary A. Hachfeld, David B Bau, and C. Rob Holcomb ( June, 2016 )

Summary

Transferring the farm business to the next generation is seldom an abrupt process. The transition generally takes place over a number of years. The entering generation needs to establish a firm financial footing as well as learning to manage the business. The senior generation has to be willing to turn over control of the business and trust that the successor will do well.

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Organization

University of Minnesota Extension

Publisher

University of Minnesota

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1320

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Written Material