Succession planning helps farm businesses prosper
Thirty percent of farm families successfully transfer an intact farm from the first generation to the second. Of those, 10 percent transfer successfully to the third generation. Of those, only 4 percent transfer successfully to the fourth generation. Even fewer transfer to the fifth, sixth and seventh generation of farmers.
But a farm business succession plan can boost those numbers and help farm families continue their farm legacy in Iowa. And the Iowa Farm Bureau has resources — free of charge to Farm Bureau members — that can help make that happen.
The Take Root program was established earlier this year to help farmers develop a comprehensive, managed approach for their family...
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