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Farm Succession » General Resources » Planning For Farm Transfer » Readiness Assessment

Resource Review

Transferring the Farm Series #1: Preparing to Transfer the Farm Business

Author(s): Robert D. Anderson, Gary A. Hachfeld, Erlin J. Weness, Univ. MN Extension
Review Date: 10/09/2007
Application: Clientele Material
Format 2 page fact sheet

Review

This fact sheet outlines the basic considerations that farm operators and their successors should consider as they contemplate farm succession. It briefly introduces the reader to several factors, including: financial security in retirement, financial position of the entering farmer, emotional readiness to let go, and health considerations. The second page has 24 questions to help operators and successors assess their readiness to start the process.

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Transferring the Farm Series #1: Preparing to Transfer the Farm Business. PDF icon (2 pages, 141 KB)

 

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