Succession Planning

Next generation

 

The Farm Journal Legacy Project is a concerted effort to address the succession planning needs of America’s farm families. Since 2008, the Legacy Project has provided comprehensive succession planning information. Its mission: to cultivate multigenerational success in the agricultural community.

Latest News

Don’t worry. You don’t need a will. When you die, the laws of your state will dictate who gets your assets. The probate process is

Parents: Remember the days when you lived on the edge, innovated because you had to and took risks that catapulted you into the successful position

Sure, a legal or tax issue could be putting the brakes on your succession plan, but more often it’s a communication roadblock. Maybe your spouse

Preparing for transition requires transparency. You have to be willing to share processes, financials, relationships with professionals and, in some cases, even the “secret sauce.”

Case Studies

Follow the journey of three farm families as they navigate the succession process.