RETURN HOME :: PLANNING HOW TOS

How to plan for life after farming.

Estimated time: 30 minutes

Why is this important?

In addition to the risk of losing the farm, estate and succession planning also impacts ones’ traditional retirement years. Planning ahead balances the desires and needs of both generations who love the life that is farming and want to see everything they’ve worked hard for continue and prosper.

Steps to take

1. Retirement Planning

Estate and succession plans need to reflect the values and dreams of the senior generation. Use Retirement Estimator for Farm Families to help you create plans to achieve financial security now and in later life.

2. Hear from other farm families

Meet three farm families who started 8-10 years ago addressing the issue of estate and farm succession planning:

4. Attend a workshop in your area

Take the Road to Financial Security in Later Life – is a workshop offered by your Cooperative Extension Family and Consumer Resource Educator.

4. Who to contact

For additional information on estate and farm succession planning contact the Extension Agricultural Business Management Specialist in your state or email
Mike Sciabarrasi at the University of New Hampshire Cooperative Extension.

Next step

Check out just some of the resources for estate and farm succession planning: