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What happens if there is no successor for the farm operation?

April 26, 2017farm happens operation Successor

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What happens if there is no successor for the farm operation?

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If there is no successor, the farm operator might be able to find a beginning farmer. Some states have programs that help match an older farmer and a beginning farmer. The farm operator and the beginning farmer should discuss a possible strategy for farm transfer. There should be a benefit for each person as a result of a transfer plan. If no successor can be found, sometimes there are off-farm children who want to be absentee landlords. It might be possible to hire neighbors to do the farming.