Keeping the land in the family is a key component to preserving a farm’s legacy, which is why estate and succession planning are so important to many farmers and ranchers.
There are a few key aspects to keep in mind.
Roger McEowen with the Washburn School of Law spoke with RFD-TV’s Suzanne Alexander about gifting with debt, how to plan for transition, and what producers need to keep in mind.
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In agricultural transactions, timing is often far more than a matter of convenience. A delayed closing or missed payment can lead to a major financial problem.
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