Estate planning, succession planning, and transition planning are often talked about together as farmers and ranchers prepare for the future, but each one serves a different purpose.
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Inspiration or obligation. The job may be the same, but mindset changes everything. Legacy consultant Alan Hojer with the Keep Farmers Farming program says family dynamics on the farm or ranch are no different.
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Passing the family farm or ranch down to the next generation is the hope of many producers, but the how-to of transitioning can be complicated without the proper order of giving and receiving. Keep Farmer's Farming Legacy consultant Alan Hojer believes transitioning and estate transfer is giving at its core. He says when you give, that's when you really live.
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