This week in his Finance First column, Darren Frye begins tackling the idea of transitioning one's farm to the next generation. It's a daunting task, especially when you still have to run a working farm while undertaking it. It can be a challenge to set aside time regularly for planning the legacy of your farm, but when you consider the stakes—there's not much choice but to make the time.
In this article, Darren covers the first two aspects to consider when drafting a plan for the future of your farm and planning its transition: The question of "why?" and the communication aspect of the plan. Read this insightful piece only at FarmFutures.com.