Transferring the Family Farm Series
By: Gary A. Hachfeld, David B. Bau, C. Robert Holcomb
Transferring the farm business to the next generation is seldom an abrupt process. The transition generally takes place over a number of years. The entering generation needs to establish a firm financial footing as well as learning to manage the business. The retiring generation has to be willing to turn over control of the business and trust that the successor will do well.
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