WASHINGTON, D.C. (RFD-TV) — Nearly 300 million acres of U.S. agricultural land are projected to change hands in the coming decades, raising major questions about succession, stability, and the long-term future of rural communities.
American Farmland Trust (AFT) is ramping up efforts to support producers through this transition, helping families navigate the often-complex process of transferring farms and ranches to the next generation. Jerry Cosgrove, AFT’s Farm Legacy Director and Senior Advisor, joined us on Wednesday’s Market Day Report to discuss why land transfer is such a critical issue.
In his interview with RFD-TV News, Cosgrove highlighted the need for thoughtful planning to maintain productive farmland, protect family operations, and ensure younger producers have opportunities to enter the industry. He also outlined AFT’s work to assist farmers and ranchers in preparing for generational transfer—from providing resources and technical support to helping families map out long-term goals.
Cosgrove emphasized the importance of getting a jump-start on estate planning and encouraged landowners to begin considering their options, documenting their wishes, and engaging family members in open conversations about succession.
The start of the review of the most important ag law and tax developments of 2023—that is the topic of today’s Firm to Farm blog post by RFD-TV agri-legal expert Roger A. McEowen
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If you are thinking about making substantial gifts and/or doing so in a complicated fashion, make sure to get good professional advice beforehand. In his latest Firm to Farm blog post, RFD-TV Agri-Legal Expert Roger McEowen tackles the complex rules surrounding financial gifts, charitable donations and estate transfer.
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